Sherritt International Corp T.S

I'm going to state the obvious -

[rkhosla]

I love how the chart looks BUT it's absolutely imperative we break above $.60 in the next 2-3 days - otherwise the chart won't look quite so positive....

[Cobalt]

What is to love about it? RSI barely got back above 50 and rolled over 50.04 on the very edge of weakness, Macd tried to turn up failed , rolled over , clear down channel from the high , lower highs lower lows , could go on , what is it you love again?

[rkhosla]

I disagree re lower lows and lower highs - the six month chart is a story of higher highs and higher lows BUT we have faded out re volume and if we downleg from where we are at vs cracking back above $.60 we are in trouble and will revisit $.40s

[Cobalt]

I'll give you the 6 months , was looking from the last high so ya take out 70 and dont go below 51 to keep that 6 months strong

[IamMagic]

We will go at or above 0.70 after Q1 results regardless of what will happen between now and then - except if Ni Price goes below 7/lb maybe.    

[Albatross]

Not trying to discredit anyone but 'chart reading' seems to be akin to reading how the letters line up in an alphagetti bowl. I will continue to try and focus on fundamentals. Ultimately earnings will drive market valuation.

[rkhosla]

lol i read tea leaves too... no honestly I am a true believer in fundamentals it's just that my sense is just eyeballing the chart, that if we don't break back above $.60 we are heading down to languish a bit in low $.50s or even into $.40s....  

[Cobalt]

Ever heard of Twitch? Chart reader streams live reading charts, up 500k this year 20k days all the time live, just off nothing but charts , just cause you cant do it 

[Albatross]

To each their own. Everyone and their dog made money this year, I just didn't do it by looking sideways at graphs. Again it's fine, you do your thing, I'll do mine. 

[rkhosla]

well.... it does look like my tea leaves were correct.  Albatross I wasn't screaming 'run out and sell all your shares' all I was saying was that if we didn't crack $.60 early in the week we would lose some momentum and head back down to low $.50s high $40s.  Agree we will be much higher in a month or two and I remain all in.  

[Cobalt]

6 month lower trendline about too break , close below 51 the 6 month higher highs , higher lows is over , damage to the chart big time 

[rkhosla]

exactly - that's what i was trying to say : )