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Bullboard - Stock Discussion Forum 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... see more

TSX:S - Post Discussion

Sherritt International Corp > Technicals for Sherritt
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Post by smallcaptdr on Jun 01, 2022 11:52pm

Technicals for Sherritt

When you open this program go to the window in the bottom right hand side and scroll through it to bring up the technicals. It's rated strong sell. Technicals dont lie. (always DD)

https://www.tradingview.com/chart/?symbol=TSX%3AS
Comment by Maxmoe on Jun 02, 2022 10:00am
Careful, you're close to making an actual forecast based on TA. Using hindsight TA can always fit the curve. Forecast? It's jibber jabber. I wouldn't say TA lies, I'd say it has no tradeable predictive power. Aka useless. TA doesn't lie, maybe, but TA analysts do. Or more like an 8 handed economist making so many "on the other hand" forecasts, one is bound to come to ...more  
Comment by Maxmoe on Jun 02, 2022 10:08am
Why aren't TA analysts all wealthy gurus eating the lunch of old fundy duddy fundamentalists like buffet,lynch,etc,etc ? Answer? TA doesn't work . Fundamentals RULE. Don't fight the fed and don't  fight the fundamentals. Supply,demand,pricing,inventories. All very bullish. IMAO. 
Comment by Maxmoe on Jun 02, 2022 10:11am
If there is evidence that there is a surge of supply about to hit the nickel market, or an economic collapse on a global scale that leads to a collapse in demand, well, you've got my attention. Let's see the evidence.
Comment by Ernieandbert on Jun 02, 2022 10:18am
the only thing that doesn't lie is...cash flow, but with the caveat that you need to be able to read  financial statements and analyse where these guys put the cash flow!   It's in there though - you just need to know how and where to find it.