Over the last few weeks $MOS has been struggling with resistance from the large gap we see on the chart.
GoNoGo Trend painted amber “Go Fish” bars of uncertainty as price struggled to maintain its climb. After a period of chop, we see that GoNoGo Oscillator fell to test the zero line from above again and it was important that it would find support at that level. The oscillator quickly bounced off zero back into positive territory as GoNoGo Trend paints a strong blue “Go” bar as price has burst through resistance. We will now look to see if price can consolidate at these elevated levels and with momentum resurgent in the direction of the “Go” trend use the top of the gap as support going forward.
