Don't Ignore This Chart!

Potash Paints A Big Breakout Candle


Potash Corp (POT) has made a huge bull candle today. We could understate it as just a trend line breakout. 

The whole Potash group jumped today so it does not appear to be company specific. This chart has such nice technicals. MACD moving positive today. Relative Strength breaking out at the top of the chart. We can see a clear downtrend being broken today. I put this chart in monochrome so you can see how to print with only a black cartridge and lots of white space. The area chart at the top is light gray. You can click on the chart to see the settings.

If you liked this article, feel free to forward it to investing friends and family. If you didn't like the blog, please send me a note on what I could do better. The chart is printable. It should also be clickable so that you can go look at the settings.

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Good trading,
Greg Schnell, CMT

Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA). Learn More
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