WendelSuzano

MOSY - Trend line breakout?

NASDAQ:MOSY   None
The stock MOSY is trading near the Bearish trend line. The level 50 on weekly RSI it tell us the uptrend is still in place and probably will be back and take a new highs with momentum soon.

1- If this trend line breaks: waiting a pullback with bullish candlesticks + volume.

2- If this breakout failed : then the price can go fast to the MA 200 and support at $4,54

Daily chart:
1 - Uptrend with SMA 20, 50, 200;
2 - RSI > 50

Weekly chart:
1 - Uptrend with SMA 50, 100;
2 - RSI > 50
3 - Downtrend with SMA 200;

Monthly chart:
1 - Uptrend with SMA 20 and EMA 9;
2 - RSI < 50

DISCLAIMER: trade based on your own decision

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