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bhowe
Jan 27, 2016 7:47 PM

SA LONG Long

Seabridge Gold, Inc.NYSE

Description

SA looks to be oversold (blue circles) and consolidating. RSI and %R are very oversold. Typically a run up is expected (but not always) into the red circle sell points. Stochastics strategy is indicating a Long Entry (LE). The pattern forming could look like a bear flag, but is very similar to a turn pattern from 11-5-2014 ( see gold bars). TSI looks to be starting a move higher. This is just a possibility. With gold and GDX moving higher I expect SA to join in.
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