Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Sherritt International Corp T.S

Alternate Symbol(s):  SHERF

Sherritt International Corporation is a Canada-based company engaged in the mining and refining of nickel and cobalt metals essential for the adoption of electric vehicles through hydrometallurgical processes. The Company is engaged in the production of high purity nickel and cobalt metals from lateritic ore. Its technologies group creates solutions for oil and mining companies around the world to improve environmental performance. The Company offers a range of products including Nickel, Cobalt, Fertilizers and Other Products. The Nickel products category includes standard grade, steel grade, and nickel powders. The Cobalt products category includes cobalt briquettes and cobalt powders. The Company’s Fertilizers product category includes anhydrous ammonia, granular ammonium sulfate, crystalline ammonium sulfate-super salt, and crystalline ammonium sulfate-standard grade. The Other products category includes sulfuric acid, zinc sulfide, and copper sulfide.


TSX:S - Post by User

Bullboard Posts
Post by Highdoughon Dec 05, 2018 10:22am
108 Views
Post# 29067807

Nickel technicals

Nickel technicals Posted here last week explaining how that 4.80 area will find support in the nickel spanking it’s  taken and here we are today up.  Nickel could finally be about to break out, look at the peak from May and draw and draw a line at each point until today.  If nickel goes any much higher than we could be breaking out of the downward trend from the last 7 months.  Hasn’t broken out yet but I believe it’s coming in the next week, should spike Sherritt back to .60s especially if markets rebound.  Even if they don’t it be nice to see Sherritt run counter to the Dow.  So stupid if follows the dow down but doesn’t follow it up most of the time on movements. 

Anyways my prediction is we see $6 nickel fairly quickly 2-3 months and a huge relief from prices down here soon.

On Sherritt technicals obviously it ain’t looking good, we need to get back to .70s or even .65 area in a 7-10 day time frame to confirm a break from the downtrend.  My guess is we consolidate in the .70s soon and could go either way from there.  Good luck investors 
Bullboard Posts