InvestingScope
Long

First Majestic Silver Corp Bullish Potential.

NYSE:AG   FIRST MAJESTIC SILVER CORP
The top silver stock has aggressively broken above a +2 year bearish Channel Down on 1W ( RSI = 79.546) and showcases significant long term bullish potential. If a new Channel Up emerges on 1W then the Buy Zone is within 7.00 - 8.00. If the 1W Resistance break out aggressively then again the bullish potential will be even stronger. In both cases we will be going long.




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