Nickel , new aggressive management, big volume, nickel spot all time highs, ev battery used heavily
another view, sometimes a b/o can work and at times price will fall and ride down the rail before going up, dollar dependent for direction also, dollar down = commods up
H & S played out and good push thru today but into volume block, insiders have been buying. Nickel supplier plus other stuff
Sherritt Intl. is in a breakout after an inverse head and shoulder pattern and high volume; target of $0.80.
Sherritt continues to push higher. Based on previous algo results, we discuss the next potential top
volume resistance above, maybe hit close and drop for consolidation. Still waiting for news
looks like it could finally go up lol
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...
Let this help guide your trades, and show the importance to time cycles when trading. Green H lines show a consistent low point in November. Purple H lines show a consistent high point in late April - early May. Orange H lines show a consistent high point in mid to late December. Now that we have established these cycles, my strategy is to find the bottom of...