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Flyerdan
Jan 31, 2021 11:06 AM

First Majestic Silver - collected Power Long

First Majestic Silver Corp.NYSE

Description

Monthly Chart

During the last years this stock did a long and good consolidation.
At the end, old Stakeholders lost the nerves , sold shares (see on balanced Volume).

Now, buyers are back. Short sellers maybe became nervous.
Powerful Volume in jan/21

Break out through very long triangle done.

Next 2 years with excellent potential.
Price taregt around 150-170 USD/Share

Don't become nervous due of some setbacks on outbreak line.

Dan/31.01.2021/
Stock price 18.12 USD

Comment

backtesting, hold
Comments
W0lfRAider
I think I agree with your price target. First we need to bring the baby over the last high. Then everything is possible.
Flyerdan
@W0lfRAider, yes small hurdles when silver reaching 37 USD/oz and more.

By the way: have a look at chesapeake Gold. They own the metates projekt - world largerst Silver in ground. everybody thinking this is a gold Miner - the reality they own silver
Ofer 37 USD/Oz people thinking not about running earings, they will have an eye on future earnings...
Tesla in Silver mine => chesapeak Gold.
W0lfRAider
@Flyerdan, Thank you very much for your reply and additional information. Those are exactly the things that make this platform very valuable to other traders/investors.
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