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joericke

Bullish outlook - Descending Broadening Wedge active

Long
First Majestic Silver Corp. (NYSE:AG)  
joericke Updated   
NYSE:AG   First Majestic Silver Corp.
Wedge
2
0
wedgepattern
AG with bullish outlook. Descending Broadening Wedge active with targets 15.00 and 16.40. Once reached those targets a broadening top will be activated with targets around 21 and 24.
Trade closed: target reached:
After finishing a 5 month base (Aug-Dec), AG advanced with a gap-up on Jan 28th to reach both targets of DBW. With a further dynamic move on Feb 1st both targets of the broadening top were reached. (High on Feb 1st was 24.01).
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