Yamana (GOLD) @ $7.47

Yamana is one of is the largest $6Bn (2nd tier) GOLD Mining stocks on the HUI, behind the BIG BOYS of BARRICK, NEWMONT and GOLDCORP which average around $20B in market cap.

The shares have traded in a HUGE range (DAILY) between $3.49 on 20th Nov 2008 and $9.75 recently on 26th March 2009.

AUY hit an all time HIGH 1 year ago @ $19.93 in March 2008.

The shares opened in Dec 2003 @ $2.50

Long term 200ema weekly resistamce is @ $9

The shares have failed to close above $10 since late September 2008.

The technicals on a Daily, Weekly and Monthly basis are

D MACD(-0.23) STOC (25) RSI (43) 5ema ($7.88) 50ema ($8.30)
W MACD(-0.05) STOC (20) RSI (48) 5ema ($8.10) 50ema ($9.13)
M MACD(-0.88) STOC (80) RSI (44) 5ema ($8.35) 50ema ($8.73)


Last DAILY BUY signal was triggered on 18March @ $8.80
Last DAILY SELL signal was triggered on 3rd April @ $8.94

Last WEEKLY BUY signal was triggered on 14Dec 08 @ $5.50
Last WEEKLY SELL signal was triggered on 30Mar 08 @ $15

Last MONTHLY BUY signal was triggered Nov05 @ $4
Last MONTHLY SELL signal was triggered Apr08 @ $14


Support levels are $6.04 and $7.26

Resistance levels are $8.79 and $9.74

Last 13 days trading range (Hourly chart) $7.36-$9.57

Short term (HOURLY)BUY $8 stop/loss $7.20 Target $9.60

Short term (HOURLY) SELL $7.99 stop/loss $8.4 Target $6

Long term BUY @ $4 and SELL @ $10