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Old 19-07-2008, 06:30 PM   #125 (permalink)
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Lets have a look at the chart for MOS, what we have forming could be whats called a "double bottom', thats the shape thats on the right hand side, a bit like an incomplete "W".
Things can go one of two ways from here, we can plunge to the next support level at around 120$ and maybe all the way down to 115.43 (closing price May 27th) which would be really bad OR we can bounce back from here next week and maybe earn a few quid. Difficult call, lets wait and see what cards we get dealt next week.
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