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MarketIntel
Jul 4, 2022 1:37 PM

First Majestic: Should I Stay Or Should I Go? 

FIRST MAJESTIC SILVER CORPTSX

Description

“Darling, you’ve got to let me know – should I stay or should I go?”
This song by The Clash seems to be sounding in the background while First Majestic is thinking. As it has already reached the ideal target point for wave 2 in turquoise, the share price could directly go upwards now, rising above the resistance at $19.41. Likewise, it could stay to finish wave 2 in turquoise a bit deeper in the turquoise zone between $12.36 and $6.89. However, there is also a 45% chance that First Majestic could drop below the support line at $5.30, thus activating further descent.
Comments
CrashBandicoot99
Will take 4 years to reclaim all time highs??
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