Seabridge Gold, Inc.
Long
Updated

Pivot Point for SA? Bulls Ready to Take Over?

39
If SA can break through the key level at 17.5, this may work its way back up to it's ATH established mid October and maybe surpass it. Key level identified at the area of my solid white uptrend line and the 50SMA on the daily chart, and the area right above the 10EMA on the weekly chart.

Earnings is on the 15th so you would want to pay attention to that.

The few areas of potential resistance to take note of are at 18 and 19. If SA gains momentum, I expect some pause or a pull back at 19 or 20.5 to help it gear up to break through to a new ATH.

Trade closed: stop reached
Wow, could not have had a worse prediction. I do not know too much about this stock so am not sure of what is driving it right now. Right now It's coming off my trading list as it's too volatile for my liking.

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