MOS expected to grind around 59.5

MOS expected to grind around 59.5

MOS is at support from the lower sloping channel trendline. It has additional support at 59.5. If it drops below 59.5 then it's headed for 55. Again this chart looks like a good long play but the direction MOS takes is largely dictated by the overall market right now. I think MOS will grind around the 59.5 level for a while and rebound once this pullback is over.

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