All of the action in The Mosaic Company (MOS) off of its August 20 high at 59.99 into this morning’s low at 56.67 has the right look of a completed, or very nearly completed, correction.
If accurate, this means that the price structure is readying itself for the start of another upleg within its larger, 11-month base-like accumulation pattern that projects considerably higher prices at 65.00 in the upcoming weeks and months.
