Fundamentals
First Majestic is a primary silver producer (which moves more like a junior). It has historically been heavily shorted, making it a good candidate for outperforming in any precious metals bull market. Arguably, we are in the beginning stages of a precious metals bull market, kicked off by the slowing of Fed rate rises in August 2022. First Majestic...
First Majestic is ripe for the picking here . Beaten down like a rented mule but not out of the race by any stretch of the imagination . Yea they had some bad news that caused the stock to sell down to these levels ... I say GREAT ! I love a bargain... and this baby is in the discount bin right now . I believe earnings are turning the corner now , we've had a nice...
Cratering through levels like knife and hot butter. Mine closure. No profits. Massive losses. How is that so? It appears its management is atrocious and at this rate AG while my target is a possibe 3 dollar area. 50 cents full reset is entirely possible and not out of the picture. I will gladly buy it at 50 cents though I took a gamble , SMALL, at 5.6.
I used to...
First Majestic is still wading through the turquoise zone between $12.36 and $6.89 to finish wave 2 in turquoise. To achieve this, the course still has got some room for maneuver – at least until the bottom of the turquoise zone. However, it also might have already completed the current movement, thus continuing the ascent. As soon as that is the case, we expect...
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. It holds 100% interests in the San Dimas Silver/Gold Mine covering an area of 71,868 hectares located in Durango and Sinaloa states; the Santa Elena Silver/Gold Mine covering an area of...
Yeah...
Again, this is another stock that's been added to the meme basket. Yes... a Silver Mining/Trading company was added to the Meme stock basket... it didn't make much sense until i saw they added this yesterday and that AG has earnings TOMORROW. The only reason to add things to the meme basket like this is obviously to make meme stocks go down with a helpful...
I think there will be big drop and gold and silver prices follow buy permanent move up for the next decades to come. Buy of your lifetime is coming IMO. Great things takes patience.
First Majestic is currently paving its pathway to leave the turquoise target zone between $6.89 and $12.36 for good, to wander above the resistance line at $19.41 and resume the upwards trend further North. Our alternative scenario displays a 40% chance for the course to drop below the support line at $5.30 which would be continued with a downwards slope around...
AG is sitting at the supply zone of this potential Bear Flag and has been once rejected from the 200 Day Moving Average. AG now reports earnings in 2 days and i have bearish bets on those earnings in the form of multiple April 21st PUT Options at the Strike Price of $8 and now will be hoping to see a square-up of the range lows.
While First Majestic had actually already made it to the upper edge of the turquoise zone between $6.89 and $12.36, it has shied away and drawn back again until the retracement at 61.80%. Thus, we still give it some time to finish wave 2 in turquoise – although it could also continue the ascent from here. As soon as wave 2 in turquoise is completed, First Majestic...
