NYSE:UAN A cheap fertilizer producer with strong fundamentals is a strong bet for 2023. Latest ER reported strong Revenue and EPS beats despite Russian fertiliser exports being at all time highs. MR Quarterly production was impacted by maintenance - this work has been completed and it is likely that production volumes will return to normal this coming quarter...
UAN has reversed out of a bearish trend on a higher timeframe It is now ready to take off after forming this slanted double bottom along the strong uptrend on current daily timeframe This upward expectation also allows for the suggestion of a Megaphone structure Bullish
Ritual figures on the chart that were ahead of the events in Ukraine. The timeframe on the chart is 1 week. 57 weeks (12) Time 399 days 21 (management changes) Potential maximum channel height + 303% 57 weeks. 399 days. It all depends on how the price fixes in these important areas. Fixing the price above a certain zone will mean further growth of the dollar...
Expect it to return to pre-covid levels. Maybe with 10-20% discount. Overall their business seems safe. Take profit - 25. Or maybe even to keep it long-term, depending on how they will pay dividends.
$UAN is setting up for a major breakout. We recommend going long on a break above $4.35 Headquartered in Sugar Land, Texas, CVR Partners, LP is a Delaware limited partnership focused on the production, marketing and distribution of nitrogen fertilizer products. It primarily produces urea ammonium nitrate (UAN) and ammonia, which are predominantly used by farmers...
$UAN little late on catching this but looks to hit 200MA around $9