Potash (POT) Nears Long-Term Breakout Point

Over the last 3-5 months, many of the leading fertilizer stocks from the prior bull market have been consolidating and are approaching long term buy-points.

On the four year weekly chart, we can see a long term base that began forming in early June. For the last three weeks, prices have made a run towards intermediate resistance on increasing volume. RSI is also approaching an intermediate breakout point, and ADX appears to be signalling the beginning of a new intermediate uptrend.

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