MOS 0.00% 16.5¢ mosaic oil nl

They are very similar, however, I'm more of a Charts T.A. Man...

  1. 329 Posts.

    They are very similar, however, I'm more of a Charts T.A. Man myself. And the charts are telling me this stock went for a nice run and moving averages have set themselves correctly into place giving it strength.

    But it has reached an overbought condidtion and you can expect the price to fall over next week. How much it will fall will depend on prior announcements and market forces, etc, etc..

    It could make an attempt to rise further, however, its unlikely.

    If you're thinking of taking a position in SHG, now would not be the right time, the risk is high, wait for the dust to settle.

    Of course this is simply my opinion.....
 
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