One long-time Real Money reader asked me for an example of a stock with a long base formation, which we mentioned in Part 1 of our 2021 forecast piece.
Yamana Gold (AUY) fits the picture.
In this weekly bar chart of AUY, below, we can see the large base pattern going back to 2015. The 11-quarter "count" starts in 2017. Notice how strong the On-Balance-Volume (OBV) line has been since 2019 as well as the rising 40-week moving average line.
Trading volume has been increasing since 2018.