Mosaic beautiful textbook stage analysis chart. Went into into Stage 2 and ripped from 15-20 zone to a high of 79.28.
Was this the "climatic top" and now going into distribution and stage 3 ?
As of now, MOS is barely hanging on to 30 week MA and flashing warning signs. Technically it may still see more upside and continue to new highs, however now trading below the 10 week MA which is turning down and recent market weakness it appears Mosaic is now in Stage 3 distribution.
For the bulls, Price needs to reclaim the 10 week MA and close above 62 before I begin to think this bull run is still on.
For the shorts, I'd be looking to target 47 first PT followed by 30 zone to cover. Watching for a bounce to 60 zone for good short entry adding upon confirmation and further adds with close below the 30wkMA.
Cheers
Was this the "climatic top" and now going into distribution and stage 3 ?
As of now, MOS is barely hanging on to 30 week MA and flashing warning signs. Technically it may still see more upside and continue to new highs, however now trading below the 10 week MA which is turning down and recent market weakness it appears Mosaic is now in Stage 3 distribution.
For the bulls, Price needs to reclaim the 10 week MA and close above 62 before I begin to think this bull run is still on.
For the shorts, I'd be looking to target 47 first PT followed by 30 zone to cover. Watching for a bounce to 60 zone for good short entry adding upon confirmation and further adds with close below the 30wkMA.
Cheers
노트
MOS a short opportunity now with price breaking lower than 30wkMA. Watch for retest and rejection for further confirmation, first PT of 47 already hit down 5% today면책사항
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.