Anbat

ICL- Cup & Handle Pattern

Long
NYSE:ICL   ICL Group Ltd.
ARE YOU LOOKING FOR A PENNY STOCK (UNDER $5) WITH BIG POTENTIAL?

This one might be for you, related to the following:

We're from Israel, and we're here to help
In late 2015, one of the biggest of these desalination plants, the $1 billion, 50 million-gallon-per-day Carlsbad Desalination Project, finally came on line. Built by privately held Poseidon Resources, in partnership with Israel Chemicals (NASDAQOTH: ISCHY) subsidiary IDE Technologies, Carlsbad is designed to produce enough water to supply 7% of the city of San Diego's drinking water needs.

As of today,, Carlsbad is the largest such plant operating in the Western Hemisphere. Should all 15 remaining desalination plants be built to similar scale, this would produce enough water to take a city the size of San Diego (population 1.36 million) out of the loop, releasing its water needs for use in irrigation.

Nothing like turning ocean water into drinking water... that is liquid MONEY.

At this time, per ICL chart, price action is making HANDLE part of cup & handle pattern (reversing major trend).
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.