Skip to main content

Yamana Gold Inc. declined from $19.79 to $4.29 (A-B), had a recovery rally to $15 (C) and then settled in a trading range between $10 and $13 (dashed lines). Subsequently the stock had a sharp rise to $17.39 (D) followed by a large trading range between $13.50 and $18 (dotted lines). This price action produced a bullish pattern known as a Duplex Horizontal. Recent price action signalled the breakout (E). A minor correction may occur. Only a decline below about $16 would be negative. Point & Figure measurements provide targets of $24 and $27. Higher targets are visible.

Monica Rizk is the senior technical analyst for Phases & Cycles Inc. ( Ron Meisels is a contributor to the website and Tweets at @Ronsbriefs. They may hold shares in companies profiled. Please see the site for a glossary.

Report an error Editorial code of conduct
As of December 20, 2017, we have temporarily removed commenting from our articles. We hope to have this resolved by the end of January 2018. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to If you want to write a letter to the editor, please forward to