“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...
There it is! First Majestic actually did it – it has advanced into our turquoise zone between $12.36 and $6.89. Now, things are getting interesting. As First Majestic has reached the middle of the turquoise zone and thus has tapped its ideal target point for wave 2 in turquoise, it could already start to move upwards, crossing the resistance at $19.41. However,...
42.53 ENTRY PRICE. 38.28 10% STOP LOSS. 44.66 5% TARGET. 46.78 10% TARGET. RSI above 50 with a steep incline. Volume at 100% +. Price above 200 sma uptrend bias. Hugh large Bullish engulfing candle. Price above both all ma's. Price had a bullish breakout of range top. Price closed above 50 sma for a bullish bias.