Losing momentumif the weekly candle closes below the trendline. expect a retrace to $10.50 to $9.25 depending on how bearish the downward momentum in the coming weeks. $6.89 is a golden buy opportunity if you see it do not hesitate this company is here to stay.by Tristanbower3
First Majestic Silver : Pitchfork RetracementsHealthy Upleg and Bullish RSI. This stock is a great way to play the bull silver market. It is a cult stock, with famous and great management. This is the largest silver producer (operations mainly in Mexico) with long term reserves. Great long term play. Not cheap but marginal when looking at the current silver price...Longby Lahbabi4
First Majestic Silver looking extremely bullish to me.MMHVW - so it’s clear to see that a breakout and retest has taken place here. If this diamond ab=cd plays out price could reach 37 are roundabout. First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver production in Mexico. It owns and operates six silver producing mines, including the San Dimas Silver/Gold Mine covering an area of 71,867 hectares located in Durango; the Santa Elena Silver/Gold Mine covering an area of 101,772 hectares located in Sonora; La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila; San Martin Silver Mine covering an area of 38,512 hectares located in Jalisco, as well as 1,296 hectares of surface land; La Parrilla Silver Mine covering an area of 69,478 hectares located in Durango; and Del Toro Silver Mine covering an area of 2,159 hectares situated in Zacatecas in Mexico. Their level of debt (26.1%) compared to net worth is satisfactory and also it’s share price is below the future cash flow value, and at a substantial discount (> 40%).Longby SkinwahUpdated 2
FRIf you are bullish on silver as i am then FR is a must have security in your portfolio. FR has the most exposure to silver of any company... meaning when silver moves, this stock moves 2x 3x 4x etc depending on how bullish the scenario is. I also really admkire the CEO of this company Keith Neumeyer as a straight shooter that tells it like it is in his interviews and he is also a shrewd businessman and successful company starter. FR has just broken out of resistance after testing support in what i believe is the bottom of the next real silver bull market. I have outlined 2 scenarios of rally/pullback on the chart, either one is viable in my opinion. Best of luck trading!Longby etfsandstuff0
Another short on First MajesticThe 6 banks wont let the market reach fair value for now. It is bearish for libertarians / patriots. Trade at your own risk!Shortby sevensphere115
Insiders selling First Majestic againThe target for FR is under 5,50$ CAD. Gold/Silver will make a correction but won't break the low of the last impulse. Trade at your own risk!Shortby sevensphere5
Insiders selling First MajesticSomething must be wrong at First Majestic Silver. Silver is at 16$ and insiders are selling their shares. The debt of the company skyrocket since the beginning of 2018. Insiders must know something that we dont know. Trade at your own risk!Shortby sevensphere2210
First Majestic bearish 4h forecastI think we are close to the 3 wave. We are at the end of a C wave on daily but the 4h show us there is more to drop. It will break the low then we are good to go up. Trade at your own risk!Shortby sevensphere2
Reversal soon?The weekly MACD has diverged since its December 2016 low and crossed over.The chart seems to be forming a triangle as well with decreasing volume. Should the price break above $9.60 on expanded volume the measuring rule would put a target around $11.40. by Nobody-Important4
First Majestic Silver FR looks bearish Silver Traders. FR seems bearing in coincident with sell off in silver. Good time to lock in some profit. Shortby Skinwah2
pennies to thousands longer term silver mining cogherkin money flow good relative strength good get our book for criteria for big long term plays cci and percent r good volume increasing good managementLongby penniestothousands0