Don't Ignore This Chart!

Potash hits support

After a sharp decline the last five weeks, Potash (POT) hit support last week and bounced this week. A nice three candlestick reversal formed Thursday-Friday-Monday, but the stock fell back on Tuesday-Wednesday. Upside follow through would affirm support and trigger a short-term breakout.

100422pot Click this image for details
Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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