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Intrepid Potash, IncII

Intrepid Potash, Inc

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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.
NLong
by InvisbleHand
4
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.)
NLong
by AcornWealthCorp