trend analysis

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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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trend analysis

posted on Sep 20, 2009 03:13PM

SAN GOLD CORP (CDNX:SGR)

Uptrend

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.

Based on a pre-defined weighted trend formula for chart analysis, SGR scored +85 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 Thursday
	+20	Last Price Above 20 Day Moving Average
	+25	New 3 Week High, Week Ending September 12th
	+30	New 3 Month High in September

+85	Total Score

Open		High	Low	SGR Price	Change
3.00		3.05	2.98	3.03	+0.02

	Streaming Chart

During the last three days the trend was +75 and the last hour close was below the 5 hour moving average. Things are looking up.

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