$MOS
Added 2024-04-30 09:18:08 +0000 UTCInteresting set up for $MOS going into their earnings report tomorrow.
The price has broken out of this long wedge since the start of 2022 and holding above the trend line since the start of April.
The price is still above the 50 and 200 Day MA so the market is not fully convinced yet that they can turn this around and you can see at the bottom that they have missed on their earnings for the last 9 reports....which is likely the reason for such harsh decline.
Fundamentals still remain strong however.
So $MOS may be able to turn this around shortly.
Getting above the 0.65 Fib at $32 and then the 200 Day MA just slightly above at $35 would confirm a reversal for me.
A bad earnings and its back down into the wedge again I believe.
