AUY daily March 5th
Like most of the mining stocks, AUY (Yamana Gold Inc.) has been consolidating for the last few weeks since hitting it’s second profit target for a 16% gain. The recent price action could be interpreted as a bull flag continuation pattern so watch for an upside break, especially a move over the recent highs, which would likely be the catalyst for a resumption of the uptrend and a move toward the T3 (final target) level.