IPI FLAG PATTERNIPI FLAG PATTERN
BREAKOUT:2.50
TARGET: 3.04 (+22%)
POSITVE MANSFIELD
SECTOR POSITVE MANSFIELD.
IPI trade ideas
Intrepid Potash- $IPI Tremendous growth prospects ahead -- 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 short term and 5 x + increase in next 5 yrs.
Potash Price is currenty finishing its bottoming process around 200 a T, far off from the previous highs of 1000+ T last cycle. I would expect the underlying fundamentals of a excessive demand globally to benefit $IPI bottom line and its valuation.
Technicals : I believe $IPI to be setting up for a breakout move, as we will also see a transition to commodity sectors starting any day, so $IPI should benefit as well from that exposure.
The chart is signaling a breakout over the 2.60 and 3 level to come in the short term, with 9% short interest I believe a 3 dollar break could send this over 100-200% rather quickly.
This is my first Idea I posted here, Its all my opinion and you should do your own research, none of this should be construed as investment advice.
I am currently long in IPI or will be very soon , and my position might change at any time.
$IPI 1.85 maybe start a new trend from hereIntrepid Potash Inc. 1.85 maybe start a new trend from here. Stop 1.5 Also there's a new ETF begin trading on 4-5-2017 symbol HMMJ
IPI- Flag formation Long from $2.33 to $2.97IPI 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- $2.97
Stop Loss Criteria- $2.07
Please check back for Trade updates. (Note: Trade update is little delayed here.)
long IPI - big BULL FLAGHERE is the story
61% replacement good buy area
use 25 cent stop
reward to over 3 bucks
tell me your thoughts, fred from further.com
IPI green shootsAfter 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.
Rounding BottomFound this one while scanning the market... Very nice and perfect rounding bottom.
There is some potential for an upside move...
So, as always, let's keep it simple.
