PotashCorp Likely to Remain Under Selling Pressure

The Globe and Mail reported that PotashCorp (NYSE:POT, TSX:POT) will continue to face selling pressure .

As quoted in the Globe and Mail report:

The shares got aggressively oversold as a result of the Russian producer leaving the cartel and there has been some buying that has come into the market. If you decide to hunt this wounded animal make sure to protect the downside given there is a long established downtrend, resistance along the moving averages, a big gap down that has to be filled, and just the slightest ledge of support at these levels.

To view the whole Globe and Mail report, click here.