AUY daily March 5th

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.

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