Fibonacci Retracements » Img 9 - MOS downtrend retracement 1
img-9-mos-downtrend-1.jpg
MOS made a peak and had a large sell off. However, the buyers began to come in and push the stock back up. At this point, put your Fibs on the chart, if the stock finds resistance at a Fib level, the downtrend is over and a move to lower prices is what usually comes next.