Monday, May 17, 2010
MOS - SHORT OPPORTUNITY AGAIN?
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....
Goatmug
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