WESTERN POTASH CORP T.WPX

Metals & Mining Industrial Metals & Minerals

"Western Potash Corp is engaged in the acquisition, evaluation, and exploration of mineral properties containing potash in Western Canada. The Company holds interests in the Milestone Project located in Southern Saskatchewan."

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WESTERN POTASH CORP > Wpx any thoughts were it's headed now

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Comment by thairaton Feb 27, 2014 5:18am

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Post# 22257327

RE:RE:Wpx any thoughts were it's headed now

Technical Analysis

Since late 2010, WPX’s share price on the TSX has been consolidating within the legs of a (blue) tri- angle, whereas its apex at $0.30 CAD was reached in late 2013. We are very bullish since the price has reached the triangle’s apex and is successful in hav- ing started to move up — which is a bullish and strong indicator that the (blue) triangular price formation is finishing with a ‘thrust to the upside’; per definition a prolonged and strong upward-trend that has the goal of reaching to the resistive high of the (blue) triangle at around $1.80 in order to transform it into new support — at which level we anticipate the next larger consolidation phase and may consider selling part of our position, which represents an apprecia- tion of 414% from current levels. The next strong buy-signal is generated when rising above the (red) resistance currently at around $0.40 CAD, in which event we anticipate the ‘thrust to the upside’ to strengthen strongly and expect it to reach around $0.90 within 6 months, which represents an appreciation of 157% from current price level.

https://www.rockstone-research.de/research/RockstoneWPX19FEB2014english.pdf