Santa Fe Gold Corp. (fka SFEG)

[SPM555]

SFEG - This is a gold play with a really nice longer term chart to it. It peaked out in late 09 and has since then pulled back all year, but even after all that the price is still seemingly holding it's 200 week MA. Basically I'm looking for a reversal/ bottom to this seven + month pullback, which then ideally leads into a new wave up on the longer term time frame. In the chart below, you can see where it made two lows recently around .80, and now the price is back and trying to push above the 50 day MA. The trigger I'm looking to play is a break of .90. I don't know if that trigger will necessarily lead to a huge run right out the gates, but what I'm looking for is at least a decent move and for the price to gain some ground and hold it.

http://flippingpennystocks.com/?p=671