Break out on WeeklyBroke out of Descending triangle. News of Potash is the fuel for shorts to cover. Watch this strong recovery.
MOS trade ideas
Go Long MOSTrend Line Support, bottom of BB bounce, 618 fib off low. Go long setting SL along the way
MOS Could this be a huge earnings play?what is potash?:-) wowzers.. what is potash? might look it up a bit.
Wedge broke outLast weekly wedge it broke out of, just like this one, went up 120% in 5 months. People gotta eat!
Reversal Coming IMORetook monthly wedge. Indicators flattening. 3 black crows are extended. I see reversal to upside.
Buying CallsMOS just bounced off the the .754 fib and the trendline. When price approached this area volume increased, and overall volume began declining since the initial decline in July. I am purchasing Dec 50 calls
MOSJust watching. Wondering if back test of neckline is next. Also price appears to be building a bear flag. After such a massive move, I'd find it hard to fathom that it would make another move down so soon.
