It seemed to break the bottom trend line oddly after having the good earnings surprise. Friday showed a reversal and now it is heading back up.
thepatternsite.com
thepatternsite.com
'yesterdays price and volume action is suggestive of potential upside momentum in the stock. with the confirmed break of $46.50 we see $50 as a reasonable price target for a bought call options positin
MOS 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
Lovely bear flag we have on the MOS weekly chart. With earnings coming out next week, now would be a great time to buy some May 14 puts. First target 44.36, second 39.86 (expect psychological resistance at 40 to keep it above that level.)
However, Tons of Indecisive Candles Here - Heightened Call Purchases in Junes. "@JaguarAnalytics: $MOS June 47.5 calls active with buyers with 2,600 trading for up to $2.78 stks.co this was my cue.
Just 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.
