We have been very successful with trading spreads in Potash and one of the main reasons for our success has been due to the fact that POT trades consistently with the technical signals. As you can see from the chart above Potash closed yesterday with a bullish engulfing pattern that formed right on a key role reversal support level. It’s not often that an engulfing pattern forms on such a well-tested support line but when it happens, we shouldn’t ignore it.
Options Oracle: 11/28/13
Posted on November 28, 2013 by AJ Monte in Options Oracles
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