Tuesday, November 10, 2015
POT Potash Weekly Chart Oversold Positive Divergence
There is increased call buying activity in potash giant POT. The weekly chart is interesting with possie d (green lines) across the board. The indicators are oversold. So the technical's line up with the bulls entering the long side in the options market. Potash can be considered a long candidate, however, the monthly chart remains weak. So a bounce should occur due to the possie d, and it has begun, but the upside cannot be taken for granted since price will likely roll back over say in December or January for one more move lower before a firm long term base is established. POT likely has upside juice in the near-term. Keystone currently has no position in POT. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.