TheMaritimer1
Long

S | Long | Possible movement later this week.

TSX:S   SHERRITT INTL RV
Noted at 1.22; Slower revenue Q1 but rail issues and rain | Reduced net loss from 72M to 0.6M in Q1. Good focus on debt and profitable revenue.
Class 1 Nickel Producer. Board / Management look well educated/worked for big co.'s.

Cup pattern formed with good base; 39 day late 2017; 36 day formation (anticipated current indicator). Could be trailing off W pattern but with the f/s, could be either way - possible low r/r at this buy point. R/R - $.10 - $0.12 either way. ATR at $.06 +/-.

I like where it's sitting in the 52-week range, reasonable beta and good deal on P/E. Volume indicated onto my watchlist and I like the feel I get of what the company is doing.

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