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Monday, September 28, 2015

$mon looks like sh!t

One of the worste charts I have seen in a while, barring my beloved aqua blue friend. 

Just nasty. Many funie reasons, but lock steph w the commodities sell off. 

The glimmer of hope is the weekly chart.

The stock has approached conditions of the great recession. Its at a historically low trailing multiple. Battling low demand from farmers. On the constant defense to support the validity of their product. Fundamentally, mon still looks pricey. But technically, looks interesting.

*I am not entering. Even though I think it's an interesting play here.*

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