MOS has a daily down trend formed and there is possibly a weekly downtrend forming. I traded this on the way up from $27ish to $31ish expecting a BIG breakout and it just fizzled and broke down below the rising trendline. I accept and agree that we are at strong support here but the MACD line is significantly below the ZERO line and the MACD Histogram still shows a downward slope. I would like to see a divergence of some kind or at least a break above $30.50 with a rising MACD through the ZERO line on Daily chart.
LNR.to (TSX) ~ Bot Linamar @ $62.03 (Target $65 to $67.00)
- Thread starter Gasper
- Start date
Thanks for the wishes @Gasper. I sent you a PM re: $PZZA, explains more of why I'm shorting again.
MOS: $37 is lofty outlook. This one has a very steep set of steps to climb from $30 and upward. Need to clear a lot of chop and resistance. A very nice base has formed in the $29 range. MOS is caught in tight range and base in the shoulder of the H&S top (daily). I don't know what you're timeframe is for this one, but while it seems like a decent long, you may have your money tied up in this one for a while, if you're looking for $37. You might even be in it long enough to get a proxy/ annual report in the mail. Be careful!
Stopped out on $PZZA at $79.62. We're still bearish on this one.