OK, i use Heinki Ashi ´s candle style charts the filter noise and spot trend reversals this is the Daily time frame for AG I still long and guess this stock will close today above 17,40 or nearby (nothing is sure of course) to me First majestic as a relative high spread and goes side ways, for now i expect the stock will reach again $20 now the price is fighting with the MA20, it ´s normal to see here some resistance, let ´s see how the stock handle that Silver as been strongly shorted today but at end the shorts seems to not to get a big strength approximately 12:30 in NYC not the best hour to post a graph, the price on this stock tends to go higher at the end of the session let ´s see :-)
Try Heinki Ashi to spot trends reversal as an exercise
good luck
any advise are my own opinion and i ´m not able to read the future, so take care it ´s risky :-)
I ignore the long green candle, because it is a Bull Trap, or a short squeeze (to me a bull trap)
silver CDF ´s are still facing shorts, but i do not see too much power in short (they are lot more risky at this time than long position to me), by the way the Silver CDF ´s Chart looks pretty good to me. in mid term.
AG is question to be patient, maybe today AG close below the last session and we don ´t reach 17.40.
but it could probably a close above 17, anyway Heinki Ashi Sows a clear trend reversal in the 30 minutes timeframe too.
Let ´s see.
i ´m long in AG since 15.35 with no doubt, and waiting for $20 :-) maybe risky but i could worth,
i ´m aware of the TAX dispute, but that will take long to be solved and Silver Majestic gets big profits so to me there is not important in the short term/ mid term
Visionary
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@Charlie2029 My brother...this is solid ;) Wonderful analysis.
silver CDF ´s are still facing shorts, but i do not see too much power in short (they are lot more risky at this time than long position to me), by the way the Silver CDF ´s Chart looks pretty good to me. in mid term.
AG is question to be patient, maybe today AG close below the last session and we don ´t reach 17.40.
but it could probably a close above 17, anyway Heinki Ashi Sows a clear trend reversal in the 30 minutes timeframe too.
Let ´s see.
i ´m long in AG since 15.35 with no doubt, and waiting for $20 :-) maybe risky but i could worth,
i ´m aware of the TAX dispute, but that will take long to be solved and Silver Majestic gets big profits so to me there is not important in the short term/ mid term