MOS trade ideas
$MOS No growth in Mosaic Fertilizers, Bearish Chart.Mosaic reports earnings Monday and expectations are very low, news flow has been extremely Bearish with multiple downgrades and production issues. Demand is also in decline due to issues in China, but these issues could turn very quickly. The price action is so bearish there may a contrarian long possible due to expectations been so low, any surprise in earnings could produces quite a jump in the stock. Call options have been traded in some good volume last week, but may just be protection.
Company Description
The Mosaic Co. engages in the production and marketing of concentrated phosphate and potash crop nutrients. The company operates its businesses through its wholly and majority owned subsidiaries. It operates through the following segments: Phosphates, Potash, and Mosaic Fertilizantes. The Phosphates segment owns and operates mines and production facilities in North America which produces concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and concentrated crop nutrients. The Potash segment owns and operates potash mines and production facilities in North America which produce potash-based crop nutrients, animal feed ingredients, and industrial products. The Mosaic Fertilizantes segment produces and sell phosphate and potash-based crop nutrients, and animal feed ingredients, in Brazil.
Ascending Triangle Breakout Holding. Quick 3% Gain Possible.$MOS has broken out of an ascending triangle and held above the past resistance line on strong closing volume from 22.04.2019. Look for a possible run to the resistance line at $28. This is a quick trade for around 3% gain.
Upside breakout soon?- BBands look tight (low BBW) -> I expect volatility
- the middle band is holding nice so far
- that looks like an ascending triangle
- there is plenty of room for RSI to increase
All together I drew some meme target boxes and we'll see.
Idea came from @kkernttb
Thanx
Nicev bullish setup!!!NYSE:MOS buy above yesterday's high of 62.67.
Please like, comment and follow if you like my ideas. THANK YOU!!!
Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.
is this self fulfilling prophecy or is i doing it rightdont really use pitchforks a whole lot, but does this kind of thing happen a lot with schiffs?
MOS - POTENTIAL BOTTOM12.05.17
Signal of a potential BOTTOM from my dBFIr on DAILY chart
Awaiting confirmation
