I have been a trader for 13 years and I have traded through the financial crisis . I have been around the block , I have gained and earned lots of experience while constantly learning from the best traders in the world. I am a full time trader , help/teach people how to trade properly and profitably .
I ALSO RUN A DISCORD GROUP OF VERY...
Buy the recent weakness in PMs. A bounce here means a successful retest of Aug 16 TL and inv H&S neckline. 21DEMA is flat and a close below those levels will start to point it down so neckline's my SL. Might even flip to short if it falls convincingly back into the prior downward wedge.
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver production in Mexico.
Earnings growth is expected to exceed the low risk savings rate of 2.7%.
level of debt (20.2%) compared to net worth is satisfactory (less than 40%).
Current uncertainty regarding economic strength (recession fears) and central bank action - the precious metal sector should benefit.
First Majestic has been channeling for quite a while though it's poked its head through psychological 6.00 level recently. The hope in the next few months is to break out of the identified channel where it could meet resistance at...
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...
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.
JMJ - UIOGD