{"id":10526,"date":"2017-02-01T10:00:00","date_gmt":"2017-02-01T14:00:00","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=10526"},"modified":"2026-09-26T07:28:58","modified_gmt":"2026-09-26T11:28:58","slug":"western-potash-tsx-wpx-new-key-breakout-point","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/technicals\/western-potash-tsx-wpx-new-key-breakout-point\/","title":{"rendered":"Western Potash (TSX: WPX) New Key Breakout Point"},"content":{"rendered":"\n<div><span style=\"font-family:arial,helvetica,sans-serif;\">NIA&#39;s <em><strong>predictions<\/strong><\/em> about <strong>Western Potash (TSX: WPX)<\/strong> in recent weeks have been practically <span style=\"color: rgb(0, 128, 0);\"><strong>perfect<\/strong><\/span>. When we initially announced it on December 12th at $0.135 per share as our <span style=\"color: rgb(0, 128, 0);\"><strong>#1 stock suggestion for 2017<\/strong><\/span>, we calculated that it had a <span style=\"color: rgb(0, 128, 0);\"><strong>key breakout point<\/strong><\/span> of about $0.21-$0.22 per share. NIA said that <strong>WPX<\/strong> at $0.135 was a <em><strong>sure thing to <span style=\"color: rgb(0, 128, 0);\">rapidly rise<\/span><\/strong><\/em> to its <span style=\"color: rgb(0, 128, 0);\"><strong>key breakout point<\/strong><\/span> and had almost <span style=\"color: rgb(255, 0, 0);\"><strong>no downside risk<\/strong><\/span> considering it was sitting on about <span style=\"color: rgb(0, 128, 0);\"><strong>$0.15-$0.16 per share in cash<\/strong><\/span> with no debt. NIA <em><strong>predicted<\/strong><\/em> that after <strong>WPX<\/strong> <span style=\"color: rgb(0, 128, 0);\"><em><strong>surpasses<\/strong><\/em><\/span> its <span style=\"color: rgb(0, 128, 0);\"><strong>key breakout point<\/strong><\/span>, it would immediately <span style=\"color: rgb(0, 128, 0);\"><em><strong>explode<\/strong><\/em><\/span> on HUGE volume to a minimum of $0.33-$0.34 per share within 3 to 5 trading days. <em><strong>NIA was <span style=\"color: rgb(0, 128, 0);\">100% correct<\/span>!<\/strong><\/em><\/span><\/div>\n\n<p><span style=\"font-family:arial,helvetica,sans-serif;\"><em><strong>We stressed that some brief <span style=\"color: rgb(255, 0, 0);\">profit taking<\/span> would likely occur at this point, but not to worry because those who take profits too early after a <span style=\"color: rgb(0, 128, 0);\">small 163% gain<\/span> will <span style=\"color: rgb(255, 0, 0);\">regret it big time<\/span>.<\/strong><\/em> We explained that <span style=\"color: rgb(255, 0, 0);\"><strong>no real resistance<\/strong><\/span> would exist at $0.33-$0.34 because when <strong>WPX<\/strong> <span style=\"color: rgb(0, 128, 0);\"><strong>raised $80 million<\/strong><\/span> in a 2015 private placement at $0.3358 &#8211; all of the shares went to a single strong long-term Chinese shareholder. <strong><em>NIA <\/em><\/strong><em><strong>predicted that as soon as the brief <span style=\"color: rgb(255, 0, 0);\">profit taking<\/span> subsided &#8211; a <span style=\"color: rgb(0, 128, 0);\">rapid rally to $0.50+<\/span> would follow!<\/strong><\/em><\/span><\/p>\n\n<p><span style=\"font-family:arial,helvetica,sans-serif;\">We haven&#39;t updated you on <strong>WPX<\/strong> since one week ago when the stock closed at $0.35 following <span style=\"color: rgb(0, 128, 0);\"><strong>major new developments<\/strong><\/span> involving <strong><span style=\"color: rgb(0, 128, 0);\"><em>multi-billion dollar<\/em><\/span> Chinese investors<\/strong> &#8211; including a new shareholder that&#39;s beginning to <span style=\"color: rgb(0, 128, 0);\"><em><strong>pour money<\/strong><\/em><\/span> into <strong>WPX<\/strong>: a <strong><span style=\"color: rgb(0, 128, 0);\">$3 billion<\/span> market cap publicly traded Chinese company<\/strong> that has so far <span style=\"color: rgb(0, 128, 0);\"><em><strong>accumulated<\/strong><\/em><\/span> a <span style=\"color: rgb(0, 128, 0);\"><strong>4.7% stake<\/strong><\/span> in <strong>WPX<\/strong>.<\/span><\/p>\n\n<p><span style=\"font-family:arial,helvetica,sans-serif;\"><em><strong>We knew that a few NIA members who were <span style=\"color: rgb(0, 128, 0);\">already up 163%<\/span> were likely to take some money off the table, but the <span style=\"color: rgb(255, 0, 0);\">profit taking<\/span> appears to be over as <span style=\"color: rgb(0, 128, 0);\">big money from China resumes its recent HUGE accumulation<\/span>. Anybody who exited will likely end up chasing WPX higher and <span style=\"color: rgb(0, 128, 0);\">desperately trying to reenter at much higher prices<\/span> in the days\/weeks ahead!<\/strong><\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NIA&#39;s predictions about Western Potash (TSX: WPX) in recent weeks have been practically perfect. When we initially announced it on December 12th at $0.135 per share as our #1 stock suggestion for 2017, we calculated that it had a key breakout point of about $0.21-$0.22 per share. NIA said that WPX at $0.135 was a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10527,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[378,377],"class_list":["post-10526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technicals","tag-potash","tag-wpx"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/10526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/comments?post=10526"}],"version-history":[{"count":2,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/10526\/revisions"}],"predecessor-version":[{"id":10529,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/10526\/revisions\/10529"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/10527"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=10526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=10526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=10526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}