Each week, I’ll give an overview of a stock and Licia Leslie will follow that up with a chart analysis the next day. Bill Griffo will chime in with macro analysis and Andrew Giovinazzi will then finish out the week with a volatility breakdown.

Have a stock YOU want us to review? Email my team here. – Mark

Hey Traders,

The Mosaic Co (Ticker: MOS) has been in a downtrend, along with the other fertilizers stocks since April 2022.

Here is the zoomed in daily chart of MOS:

The stock has followed along my pitchfork pretty nicely.

It has bounced off that support level three times and now possibly this is the fourth.

We also have a bullish engulfing candle created yesterday.

If there is bullish confirmation today, I’dI say the next stop in MOS is $36.50.

That support level comes in at $31.95.

Trade Accordingly,

Licia Leslie