Similar KGC and GG, Seabridge Gold also has a dubious start to this impulsive rally. My stop is just below price, in red, at the (ii) of v of 1 level. Will look for support in the yellow alt ii IF stopped out.
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on daily money flow good
macd good on daily
relative strength excellent
cci and percent r good
above clouds
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...
- Double bottom completed over 6.65-6.76 area.
- Nothing in my indicators at moment to suggest a false breakout
- Should trade nicely along AB rising channel
- Bullish crossover in 50/200 day EMAs should continue to support bullish momentum
- Pullback to point C (9.96-10.36 area) may represent a nice buying zone
Looking for target at prior lower high at 15.00...
