Yamana Gold – Long Term Weekly Chart Review – Bottom in Sight
Long term chart for perspective. This price is almost at the mid-point of this 8 year range. I hope this and the following chart will compel the reader to do additional research on this stock $AUY but other precious metal stocks / Uranium.
If you are also bullish PMs and want to see how you could trade this stock lets look at this current move:
A good scheme for this stock would be to buy around this current price level or on the initial push higher and put a stop around $8.29. That is a 32 cent risk which would be ~3.7 loss, vs potential of a fast move to the upside with a target of 200 day week moving average.
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