Comments on: Ag Input Sector Analysis & Trade Ideas

By: zivs

zivs — Fri, 18 Jan 2019 02:05:10 +0000

NTR really exploded out of the gate without looking back after retesting it's 50 day EMA on the hourly @ 49.34, never came close to 48-48.50. Everything is just so overextended right now, hard to make any case to go long even for short term upside. @ $51 there's a whole heck of a lot of resistance, would have to think it makes a turn back here ... just like everything else in the market lol.

By: zivs

zivs — Tue, 15 Jan 2019 16:49:02 +0000

In reply to Dean Drummond. Thanks for those additional support and resistance levels. Depending on market and sector sentiment I'm thinking about taking on a bullish swing position upon a gap fill down to $63.50-64 level on the TSX. Still seeing negative divergences on PPO/RSI on the hourly/daily from previous runs and having not getting into any longs on the oversold capitulation selling there's certainly a reluctance going long near the top of the range. Might just have to wait for the month to play out sitting on the hands, frustrating yet a solid test of patience which is of course the mark of a successful trader. Fairly aggressive selling today albeit the volume is paltry so someone appears to be taking profit by the looks of it.

By: Dean Drummond

Dean Drummond — Tue, 15 Jan 2019 16:42:49 +0000

In reply to zivs. Y.W.- Here's that daily chart of NTR with some additional support & resistance levels, including a support zone around 48.50 -48.00 that might offer an objective long entry on a pullback, assuming the sector holds up.

By: zivs

zivs — Tue, 15 Jan 2019 16:10:30 +0000

Thank you for the inclusion of Nutrien, the fertilizer giant of Canada and merger of Agrium and PotashCorp. I was long them last year, $58.75 -> $72. Solid company that pays a pretty decent yield. Solid sector moving into the spring and summer months.