Monday, May 17, 2010


Here is another look at MOS.  I have no position here, but a break through $46.50 will have me adding many puts.
The long term lower trend line and the support all line up here to make a line in the sand.  If there is no break, this could easily rally much higher especially if the overall markets turn around.

Personally I'd set a stop at $48.00 to stop the bleeding if this reverses, but $42.27 is my target exit on a profitable trade.

Here is a close up of the same image....


No comments:

Post a Comment

Thanks for commenting.... if you are leaving spam or any link that is not related to the post, your comment will not be approved.