Fibonacci Retracements » Img 10 - MOS downtrend retracement 2

Img 10 - MOS downtrend retracement 2
img-10-mos-downtrend-2.jpg

MOS found resistance at the 61.8% Fib level and then turned around quickly. This was sign that the monster uptrend the stock had been in is now exhausted and the stock was more likely to move lower than get to knew highs.

Leave a Reply

You must be logged in to post a comment.