CF Industries Holdings is back on its support area and this is a strategic entry point.

From a fundamental viewpoint, the company shows positive information with an estimated PER of 7.71x for the current year. Furthermore, the EV/Sales ratio is 2.13x and it confirms the low valuation.

From a technical viewpoint, the trend is neutral in the short term. The security is trading between USD 194.8 and USD 230.5. The latest downtrend pushed the security upon contact with the USD 194.8 support which could stop the bearish trend of these last days.

Ideally, investors will take a long position nearby the USD 194.8 support currently tested, in order to benefit from a technical rebound. The objective will be set at USD 210.9 then USD 230.5. This strategy should be covered by a stop loss placed under the USD 194.8 support because a breakdown of this level would invalidate it.