I estimate that NTR share will reach a value of 100+- Canadian Dollar within one year (6-12 months), this is a increase of 30%+-
Stop loss is around 67.00 CAD for one share.
I see the market in general that will likely experience more of a uptrend in one year's time because of the USA interest rate hike cycle ending.
I see Nutrien performing better because of the war in Ukraine stagnating and farmers slowly returning to their crops, alongside a somewhat easing of geopolitical tensions.
The share value is very undervalued or it is at a bargain price.
Analysts are on average estimating that the share will hit above 100+ CAD, the low estimate is 100+- CAD
The company has had a bad year or so in the past, I see a potential bottom.
I have bought 100 shares at 73.70 CAD, will attempt to hold for one year or more or if target price is reached.
Trade closed manually
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Closed position because of personal trailing stop loss.
It might still hit target but take important note that I am no longer risking money anymore regarding this idea