seanl,I believe we have already started our up trend.From the...

seanl,

I believe we have already started our up trend.

From the beginning of March when we reached our closing high of 64.5 we started a downward trend to mid july where we were at the low 20's. It pretty much traded in a consistent downward channel.

Since then we traded sideways in a channel from 20 cents to 29 cents until beginning of Nov.

From the start of Nov I believe there is now an upward channel in place.
If you use the high on 28/10 as your starting point for your upper barrier and the low on 3/11 as the start for your lower barrier you can see we have traded in a gradual incline trend.

To answer your question though my estimate is 42 cents after the potash announcement. But I would expect to see the price rise gradually from here leading up to that announcement.

But my thoughts are that this uptrend will mirror the down trend and that we should reach our previous high of mid 60's in the next 3-4 mths.

At this point I think we will see a bit of consolidation before our next big leg up.