Double bottom in Seabridge Gold (SA)
- 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 while bullish views should be reconsidered on loss of support at 7.98. Risk/Reward ratio bout 2.23
- 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 while bullish views should be reconsidered on loss of support at 7.98. Risk/Reward ratio bout 2.23
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