Two years of well defined bottom now above key resistance level after a quarter of consolidation. Increasing RSI is bullish. If institutional buying comes in on volume there is upside to 25, then 30. Decent risk/reward setup with a tight stop.
Since 2,5 years Potash price are blocked below 20$, the prices have drawn a double bottom. A last pullback is still possible before the break of the neckline and the entering in bullish phase with 100% potential return.
Inverse Head and Shoulder pattern is on daily POT stock. Moving averages of MA 20 & MA 50 are now turning over on chart. Good luck & have a great weekend.
Potash Corporation of Saskatchewan Inc., together with its subsidiaries, produces and sells fertilizers, and related industrial and feed products worldwide. It operates in three segments: Potash, Nitrogen, and ...
Potash Corp. Inc. of Saskatchewan lost close to a billion dollars from December 2015 to December 2016. The company's stock prices has been going downhill for a few years. Its heyday was in the late 2000s.
The heyday of Potash Corp. Inc. of Saskatchewan was in the late 2000's before its stock prices started going on a downhill slope. The company lost close to a billion dollars from December 2015 to 2016.
If you missed the breakout in Agriculture stocks this would be a good level to buy at on a pullback. Demand zone is at former resistance which should act as support.
Stop Loss: $17.99