Agoracom: Small Cap Investment - San Gold Corporation - are the chart patterns are getting fixed by smart money ? Now trading up .20-.21

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

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wpgmoney

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are the chart patterns are getting fixed by smart money ? Now trading up .20-.21

posted on Aug 27, 2013 09:48AM

San Gold Corp forms bearish "Hanging Man" chart pattern
Aug 26, 2013

Recognia has detected a "Hanging Man" chart pattern formed on San Gold Corp (SGR:TSX). This bearish signal indicates that the stock price may fall from the close of $0.18.

Tells Me: The price may have reached the top of the recent uptrend, showing it has been susceptible to selling pressure. The Hanging Man appears during an uptrend, displaying a long lower shadow with a small real body at the top of the range. The price may have reached a top and due for a reversal to the downside.

This bearish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.

Re: are the chart patterns are getting fixed by smart money ? Now trading up .20-.21