$IPI Potash Fertilizer Play Fertilizer stocks like this one and MOS are highly cyclical. Fertilizer has taken a beating lately, if things get uglier this stock could get cut in half. If things go okay it could easily double and outperform others in the group like the bigger MOS. IPI could also get bought out any time.
IPI trade ideas
IPI - breakup imminent?After consolidating for the past 4 months, it is look closer to the breakup soon, hopefully with solid volme to carry it towards 68-70 eventually. Whether it can reach there remains to be seen. Scale out along the way and manage the rest of the position with trailing stops
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
IPI: Ascending Triangle (77%) Cup'n Handle (82%)Potash is a material stock that is currently sailing un North quite smoothly.
Left hand side graph shows a confirmed ascending triangle on the daily with a possible total gain of 77% for a price target of 67.05$.
Top right graph shows a confirmed cup'n handle on the weekly chart with a total gain of 82% for a price target of 68.60$.
Both graphs are showing similar price targets on different timeframes with different paterns. This increases confidence in achiving the target goal.
Finally, the industry sector chart (bottom right graph) has broken through the 550$ resistance (red line). This makes an even broader statement into a bullish trend for the materials industry, increasing even more the confidence level of IPI hitting the 67-68$ price target.
Stay humble, have fun, make money!
IPI: Ascending Triangle (77%)IPI Potach, another ressource stock on an uptick ramp.
Interestingly, the daily chart shows an ascending triangle, and the Weekly shows a double bottom both of which makes my think this is going up.
Ascending triangle, confirmed. A bit late but still avbout 40% left in the tank.
If confirmed:
Price target = 67.05$
Stay humble, have fun, make money!
IPI 50% drop to $14.50!IPI in Wyckoff Distribution, get ready for Markdown phase!
Don't like Wyckoff? Consider downside targets on traditional head and shoulders break measures to same area.
PSY = preliminary supply
BC = buying climax
AR = automatic reaction
ST = secondary test
SOW - sign of weakness
UT = upthrust
LPSY = last point of supply
Source for labels: Stockcharts.com
Intrepid Potash Inc 🧙Intrepid Potash Inc produces and sells potash and potash byproducts in three main product segments: Potash, Trio, and Oilfield solutions. The Potash segment produces and sells potash to the agricultural industry as a fertilizer input, the industrial market as a component of oil and gas drilling fluid, and the animal feed market as a nutrient supplement. The Trio segment produces and sells specialty fertilizer that consists of potassium, sulfate, and magnesium, and is mined from langbeinite ore. The oilfield solutions segment offers water, high-speed potassium chloride mixing services, salt water disposal services, and trucking services. The vast majority of revenue is generated in the United States, which is also the location of the firm's production facilities.
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Stealth Bull Market in Agriculture: Intrepid PotashOne of the only potash producers listed on a US exchange. Has been left for dead for over a decade.
Intrepid Potash $IPI has returned 150% since the day of the election 11/3. I am a buyer on weakness and pullbacks. If the inflation cycle really does heat up over the next few months, $IPI could make a move to $100 in 2021.
IPI set up for a nice conservative 100% gain over the next 3 moIPI is a good one for a conservative 100% gain in 3 months. Good P/E, consolidation on the 4 hour chart, and Zacks rating upgrade. It is also following a pattern that is present on the weekly chart. It appears that we are at the bottom of a "U" or a "V". IPI is a good one to do some research on.
Is it a Head & Shoulders?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, with an earnings report tomorrow and the "maybe head and shoulders" now fully formed - Opinions please!!
Long Time Favorite $IPI Setting Up For Large Potential UpsideThis 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: www.omahacharts.com