If that break up wasn't there it looks like a good Head and Shoulders, so does the break nullify the pattern? There's certainly a temptation to buy in, potash prices are up, the company has slashed operating costs and it has valuable water rights in New Mexico, water which shale frackers will pay for. If there's to be a break upwards now looks like the time,...
2018 will be great year for IPI .
Management doing excellent job by giving a company life .Strength on balance sheet , lower debt. Water sales number will continue to be strong for the upcoming quarters.
Target $7 at the end of 2018.
**opinions are my own , trade at your own risk**
This isn't a trade you have to go rushing into as you should get a chance to buy lower, but please keep this on a watchlist. After a large run up, $IPI has been consolidating in this range for a few months and may be ready to break out above. A move above $4.25 can get fast to the upside.
A post I did some time ago playing out I believe just how it should:...
Let me give you some facts on this one:
performance week: 5.21 %
performance month: 34.07 %
performance year: 146.34 %
performance ytd: 45.67 %
Nice trend, eh?
So... lets wait if price gets this resistance, and then jump on it!
If you are more conservative, wait for a pullback after the break of that resistance, and THEN open your long position.
- Global Potash Demand will Exceed Supply in 2017 and Potash is just starting a new bull cycle. IPI is just coming out of a turnaround period They have restructured and refocussed to benefit from higher margins and penetrating new markets. Hypotheis: Rampant price rises in Potash as demand continues to increase and a doubling of the price of Potash in the...
IPI was a successful Flag play & now seems forming another flag in weekly frame. It also running within a downward channel formation. Both pattern suggesting upward move. We think it can easily hit $3 area.
* Trade Criteria *
Date First Found- February 15, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $2.33
Exit Target Criteria-...
After a terrible bear market where IPI got decimated by about 95% the fist signs of green shoots emerge. After consolidating for a year, IPI on track for a yearly high. If Ag stabilizes IPI has a strong potential for recover substantially over the coming year.