TradingView
ToddGreen
Jun 28, 2018 6:17 PM

AG First Majestic Silver Corp, Down before up? Short

First Majestic Silver Corp.NYSE

Description

Keep it simple.

I drew a yellow brick road to the next target zone. This is a 2 to 3 month play.

We have sell signals, no buy signals, with momentum even still bearish.

I dont want AG to drop to here, but I just read charts and drop emotions.

Were at the top of the wedge, with the Ichimoku turning bearish.

The bottom of the wedge is a long term support line and great value area.


Happy Trading, debating and speculating.

Check my other charts as well!

Trade active

Heres a update with ADDED sell zone area which I believe we could be in now, and also added 2 more yellow brick roads to watch for a pullback at in the wedge.

Trade active

had a semi false breakout back into my sell zone. still waiting on pullback for a bounce.

Comment

Trade active

seems to be playing out just as i thought, heres a update closer look. I love that play button.

if you havnt seen my other charts, they are all accurate to a crazy degree as well.

Comment

i mean look at that yellow brick road respected.

Nothing else to say here.

Trade active

that call was spot on. looking for a small bounce here before reaching final buy zone. small bounce labeled in purple dots.

we have buy signals, and momentum positive, lets see.

Trade active

seems like we may be bouncing through the new years, since we didnt really crash too hard last year, precious metals should spike.
Comments
wxman99
Overshot by a bit...maybe up from here
DonnaSko
Thank you for the feedback. I'm so new to trading I truly appreciate you taking a look. I'm going to buy some today. Thank you so so much for looking at AG ;) I'll keep you posted how it turns out. LOL
ToddGreen
@DonnaSko, i could see it making a small pull back to the 5.50 area, but I play bounces alot so holding might not be the case as time goes by. This has reached a very decent area for a longer holder though. dont stare at the charts lol, GG is a good gold one, with dividend , at a great area as well.
DonnaSko
@ToddGreen, Thanks @ToddGreen It seems like you are watching me thru my computer - LOL I do stare at the charts, kinda hoping that they will literally speak to me ha ha. Thanks for GG too. I will take a look. Did you do a chart review for GG? Thanks
ToddGreen
@DonnaSko, yes, look through my chart ideas youll see it
DonnaSko
@ToddGreen, Thanks
DonnaSko
I'm looking to buy AG. You were dead on correct about the pullback. I think it's still too early but AG is on my watch list. I'm thinking of waiting until AG hits around $6.05 to go long. I'd appreciate your current thoughts on AG. Thanks and have a great day.
ToddGreen
@DonnaSko, now is a good time, we have some heavy bullish indicators. why would it be too early? its already hit the 5 mark, its not going back to pick you up lol. not legal advice of course. this is a good portion of my portfolio along with GG and NIO
ToddGreen
yea, this chart was perfect. im seeing a bounce from this final sell off.
wxman99
got there pretty quickly...hopefully up from here
More