MannyV

AUY reaching ABCD extension, expect pullback.

NYSE:AUY   YAMANA GOLD INC ORDINARY SHARES (CANADA)
100 0 1
AUY             has, along with all other miners, performed spectacularly in 2016. Long term, this stock, along with others in its sector, are a HOLD. Short-term, expect some profit taking here at resistance ~4.76
Comment: AUY has now reached ABCD extension at 4.76, I would take some short-term profits here if you haven't yet. re-buy on dips, still very good prospects long term.
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