SAN may be on upswing

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San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

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tothegoldrush

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SAN may be on upswing

posted on Oct 04, 2009 03:49PM

SAN GOLD CORP (CDNX:SGR)

Very Weak Downtrend

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

Based on a pre-defined weighted trend formula for chart analysis, SGR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend):


	+10	Last Hour Close Above 5 Hour Moving Average
	-15	New 3 Day Low on Friday
	-20	Last Price Below 20 Day Moving Average
	-25	New 3 Week Low, Week Ending October 3rd
	+30	New 3 Month High in September

-60	Total Score

Open		High	Low	SGR Price	Change
2.81		2.84	2.57	2.78	-0.04

	Streaming Chart

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