FIRST MAJESTIC SILVER CORP ORDINARY SHARES (CANADA) NYSE:​AG

If AG holds above 8 it could easily make to 9 or 10. Will buy on a break and retest and hold of 8 with a stop around 7.50.

On one hand, it retraced to the .786 line of the Aug 2016 high on June 14... On the other hand, it is at the bottom of a channel... MACD on pace to cross over on the 3 hr. Leaning long, but not placing trade at this moment...May be something to keep an eye on... ill look at options prices today. Travis JMJ - UIOGD

Keep it simple. I drew a yellow brick road to the next target zone. This is a 2 to 3 month play. We have sell signals, no buy signals, with momentum even still bearish. I dont want AG to drop to here, but I just read charts and drop emotions. Were at the top of the wedge, with the Ichimoku turning bearish. The bottom of the wedge is a long term support line ...

Ascending Wedge testing support. Broke the .786 fib level but immediately fell below it.

Highly likely that AG has seen the bottom and is now climbing the wall of worry in a choppy way before trend is commencing. Expected path outlined on chart.

All the way Up!

It doesn't matter how much silver they have, how there balance sheet looks like or how their CEO drinks his coffee. The sentiment controls the price and the chart is our indicator about what the herd believes. It's close to a bottom and just needs one more low along with the metals before the rocket will be fired. Very good risk reward relation.

AG fell below $6 recently, where it then bottomed into a (loosely) cup & handle pattern with $6 as resistance. Recently, it broke above the $6 and, in the last two days, backtested the resistance, which now could be support. It also happens to be just above the still falling 50 DMA. Of note is that on Feb 28, AG missed earnings. The next day, the stock ...

AG buys

Hmmm looks like AG diverged from its underlying asset.. SILVAH https://www.tradingview.com/x/FKxF2oPa/ Putting my wave glasses on: https://www.tradingview.com/x/6XGfOSlF/ |Silver| LT: https://www.tradingview.com/x/VR2FIOim/ Cheers, Keops

Bottom formation confirmed on 10/27 - long play in action, currently up 6% with a price target representing a 13% gain.

Watch formation for a nice entrypoint to ride the next leg higher

AG looks like it broke the downtrend, time to go long. IMHO

https://www.tradingview.com/x/lduh8ytW/

It´s been the right thing to wait with any recommendation in the mining sector. But now I feel the time is right. As explained I believe silver has a great potential over the next 8-12 months. The best way to play a multi-months rally in silver are some of the best but currently beaten down silver mining stocks. First Majestic Silver without a doubt is one of the ...

will it hold?

43 % potential.

Majestic