Head and shoulders intermediate top seen, breakout confirmed.
Now that cryptocurrencies are taking a breather and that GOLD is making new ATH after new ATH, it is time to come back to my list of Minining Company Picks. First Majestic has 2.4 B MarketCap and is a mostly pure silver producing Blue Chip Mining Stock. First Majestic Silver Corp are a silver focused emerging major with four producing mines in Mexico and USA,...
No breakout yet, this might be the year for Silver Miners. Falling wedge seen without a confirmation.
First Majestic Silver has reached the line linking the lows since 2008 giving a support in the $4.20 area. We believe the stock is due for a rebound towards at least $6.15, possibly as high as $9.80, as long as the $4.20 area is holding. A break below $4.20 would open $2.40, potentially even $0.67 which is the all time low.
AG mining stock been bearish especially dealing with the current harsh economic condition. Its possible we could break this zone and head lower to the $3.60 - $2.54. If it does Im backing up the brinks truck.
AG is currently in a descending wedge with bullish RSI divergence. Wait for a break of upper trendline for entry, stoploss below last swing low. Will be moving SL to BE when safe to do so.
Cannot resume on a single time frame but in monthly, everithings looks good for big upside, On weekly and daily, you can see bullish divergeance on RSI too
First Majestic has been having a rough year for sure. But I feel they could see a strong break out over the coming 1-5 years.
It is hard to look at this chart and not take a position. I wish I saw it yesterday... We just sprung off major support.. Anyway, maybe we get a pullback, I will jump right in. Otherwise... I guess I missed out.
Some thoughts that occur to me while updating the First Majestic Silver chart are teased here, which I hope you will challenge with tough questions. These ideas of mine are meant to arouse the reverse-engineers and provoke the thinkers. As always, I strive to render them so obviously as to require no words. Nevertheless, First Majestic Silver (AG) is such a titan...
Buy Sep-22-23 5.5 Puts @ 0.05 Limit to Open Buy Sep-22-23 6 Calls @ 0.03 Limit to Open Bought a straddle, with Fed week and a zone of support and resistance, along with TTM Squeeze showing a potential move, both ways can play out here.
First majestic silver has created very simillar conditions as in 2015-2016 move. If we are expecting it to play in the same way, we still could touch 5$, then it looks like 700% move is possible. 35$ on the table. My GSR chart would agree. Silver chart also. Could be huge opportunity right around the corner.
First Majestic for Canadians . I posted an idea on AG a while ago and i wanted to do the canadian version for my own reference . FR has been through quite a few bouts of bad news dealing with the mexican govt which has added to the weakness in the stock price over the last year . They still have a significant amount of proven reserves , are diversifying ,...
AG retracing to really low demand zones. The bottom of the downtrend seems to have bullish macd divergences, predicting a bounce as we breakout from long term horizontal downtrends (Green lines)
First Majestic Silver - NYSE:AG - Risk/Reward Ratio 12 - Positive Divergence - Spring reversal from under ascending triangle - Green circle is the convergence of 200 DSMA, POC & break out from falling wedge. A break & close above $7.10 may be confirmation You could enter here and place your stop as outlined on the chart and be ok with 20% hit in the...
First majestic silver has huge leverage to silver. Silver will skyrocket soon. Generational opportunity. Stay safe Good luck
Bounce off of long term trendline. Looking for 9-10$ in coming months. Fibs, EMAs, trendline...etc. Bought Call options