dailytaguy

MOS/USD Daily TA Neutral Bearish

NYSE:MOS   Mosaic Company (The)
MOS/USD Daily neutral with a bearish bias. *Critical Resistance watch*. Recommended ratio: 45% MOSAIC, 55% cash. Commodities have fallen with the broader market but can benefit from more supply chain woes. Price is currently trending up at $62.32 after bouncing off the uptrend line from 01/24/22 (~$57.50) and is approaching a test of $64.22 resistance. Interest has waned but Volume remains moderately high and fairly mixed between buyers and sellers. Parabolic SAR flips bullish at $67.50, this margin is neutral at the moment. RSI is currently trending up at 46.40 after reclaiming 40.33 support; the next resistance is at 58.12. Stochastic remains bullish and is currently trending up at 51 but is still technically testing 39.11 resistance; if it can flip 39.11 resistance to support, the next resistance is at 80.49. MACD is currently trending sideways at -1.91 as it attempts to form a bullish crossover (would need to break out above -0.94 resistance to do this); the next support is at -2.52. ADX is currently trending down at 23 as Price is defending support at the uptrend line from 01/24/22, this is mildly bearish. If Price is able to break out above $64.22 resistance, it will likely test the 50 MA at $65.50. However, if Price is rejected here or at $64.22, then the next likely target is a retest of the uptrend line from 01/24/22 at ~$57.50 before potentially heading lower. Mental Stop Loss: (two consecutive closes above) $65.50.

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