Mosaic Co. had a sharp decline from $163.25 in June, 2008 to $21.94 in November of the same year (A-B). The stock then settled into an ascending triangle (B-C), rallied to $59.34 (C) and then settled into a wedge formation consisting of lower highs and higher lows (see dashed lines). The recent rise to $68.28 (D) signalled the breakout from this wedge formation and the start of a new major up-leg. Only a decline below the 40 week moving average (currently at ±$52) would reverse the long-term up-side potential.
Point & Figure measurements provide targets of $69 and $79. The large area of accumulation (see dashed lines) supports higher targets.