To review Mosaic’s stock, please take a look at the 1-year chart of MOS (The Mosiac Company) below with my added notations:
MOS has been trading sideways for the last 3 months. Over that period of time the stock has formed a clear resistance level at $50 (red). In addition, the stock has also created a strong level of support at $44 (green). At some point the stock will have to break one of the two levels the rectangle pattern has created.
The Tale of the Tape: MOS has clear levels of support ($44) and resistance ($50). The possible long positions on the stock would be either on a pullback to $44, or on a breakout above $50. The ideal short opportunities would be on either a break below $44 or on a rally back up to $50.
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