I am actually half expecting a rebound of price pretty quickly. I think there is a chance the buying could return as quickly as it faded.
I know it doesn't look like that is likely occur when we look at current price action......but there are some good signs that lend to that possibility.
One sign being that the potash spot price has been showing strength and rising in recent times. Another being that Canadian fertilizer stocks have been breaking out into stong uptrends recently....and also that we seem to be oversold and undervalued, meaning that there is buying opportunity currently available with KP2 for buyers waiting to scoop up shares. Other signs are present too, but that covers enough for now.
Lets see how it plays out.?
KP2 Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
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