Potash is currently holding support going back to 2009 around 16.00.
The first level of supply is not until the 36 level, over 135% to the upside.
Here is a nice write-up.
What to do?
I am long this stock. I will look to stop out under $10. I will hold this position until I am either stopped out or my 1st target of 38 is hit.
This will be a 5% position of the model portfolio.