POTASH SAKATCHEWAN
(POT-NYSE):
Technical Viewpoint: From a low
of $76.60 on Dec 20, 2005 prices
rallied, reaching a
high of $90.44
on Jan 9, 2006. A
decline saw prices pull back, reaching a
low of
$78.15 on Jan 18, 2006.
Another rally saw prices penetrate
resistance, closing 2/3/06
at $93.75. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 27, 2006 when the Histogram crossed the "0" line to the upside.
Support: Remains at $89.00. Resistance: Is at $94.44.
Point & Figure: Reversed to the upside on Jan 23, 2006. A P&F upside
reversal takes place at $91.00. Summary: Technical indicators have turned bullish. BUY! POTASH SAKATCHEWAN
(POT-NYSE) @ $94.38 Stop: Use a protective stop of $91.63.
POTASH SAKATCHEWAN is currently trading @ $93.75 plus $3.70 on Feb 3, 2006. Price Objective:
$107.50. Risk/Reward: $2.75 VS. $13.13. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$107.50
Risk/Reward:
$2.75 VS. $13.13
Risk/Reward Ratio:
5:1
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