I estimate that NTR share will reach a value of 100+- Canadian Dollar within one year (6-12 months), this is a increase of 30%+-
Stop loss is around 67.00 CAD for one share.
I see the market in general that will likely experience more of a uptrend in one year's time because of the USA interest rate hike cycle ending.
I see Nutrien performing better because of the war in Ukraine stagnating and farmers slowly returning to their crops, alongside a somewhat easing of geopolitical tensions.
The share value is very undervalued or it is at a bargain price.
Analysts are on average estimating that the share will hit above 100+ CAD, the low estimate is 100+- CAD
The company has had a bad year or so in the past, I see a potential bottom.
I have bought 100 shares at 73.70 CAD, will attempt to hold for one year or more or if target price is reached.
Stop loss is around 67.00 CAD for one share.
I see the market in general that will likely experience more of a uptrend in one year's time because of the USA interest rate hike cycle ending.
I see Nutrien performing better because of the war in Ukraine stagnating and farmers slowly returning to their crops, alongside a somewhat easing of geopolitical tensions.
The share value is very undervalued or it is at a bargain price.
Analysts are on average estimating that the share will hit above 100+ CAD, the low estimate is 100+- CAD
The company has had a bad year or so in the past, I see a potential bottom.
I have bought 100 shares at 73.70 CAD, will attempt to hold for one year or more or if target price is reached.
Trade closed manually:
Closed position because of personal trailing stop loss.
It might still hit target but take important note that I am no longer risking money anymore regarding this idea
It might still hit target but take important note that I am no longer risking money anymore regarding this idea