First Majestic (AG) is at a very key point right now. AG is leading the junior silver miners and is giving the sector a glimpse of light for the incoming silver bull run. If AG closes above $14.53, there is a good chance the stock will quickly rise to $17. If we close under $14.53, AG would make a "double-top" and has more chances of falling to $14, and if that...
AG has left a couple of gaps on its way down in the last couple weeks. We believe these gaps need to be filled, therefore we see a rise in AG! Of course every analysis has its own story and ours could play out totally wrong, but we believe the odds are in our favor. Right now, the orange uptrend line is being used as resistance. If the orange line breaks, next...
I have a felling you're going to want to buy the back test here, this thing looks great and it has dividends. First target is $40 for an equal legs move.
AG at this price point is a very high reward, low risk play. We truly believe this company has the potential to 2x-3x in price in the next 1-2 years. - HH
Looks like AG is trying to breakout. If we can push tomorrow to $15, we will most likely keep going much further from here. $20 should come as silver continues it’s upward push to $30+. (Not financial advice, just my opinion)
These are my thoughts on BTC . They are meant to give you an idea, not trading advice. These chart look very alike. When silver goes up, it can go very fast. This could still take a couple of months, but I strongly believe this will break to upside. Please be careful, as the market never gives you certainties, only probabilities! ALWAYS REMEMBER THIS WHEN YOU TRADE
there is a setup for a positive reversal with target $16,5; when activated ->
A break above $12 level would be explosive!
Healthy 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...
Possible bearish wolfe wave / rising wedge on First Majestic Silver. Viewed on 4hr / 240min chart, also seen on daily chart. Coming up to earnings date. Just started trying to identify wolfe wave patterns, so will be interesting to see how this plays out.
We can see higher highs forming and a key resistance at $8. This resistance must be crushed with high volumes for the rally to sustain. I think it is a nice trade to try out!
Breakup occured with high volume on 24 April. RSI looking good. Trend is bullish.
We must watch the lower yellow zone of the white upward channel and see if that holds. The RSI is diverging which tells me we might be starting a correction, but if we bounce and the RSI can break to new highs, we could continue onto the $13 range before a major correction. I'm out for now to see what happens.
The top silver stock has aggressively broken above a +2 year bearish Channel Down on 1W (RSI = 79.546) and showcases significant long term bullish potential. If a new Channel Up emerges on 1W then the Buy Zone is within 7.00 - 8.00. If the 1W Resistance break out aggressively then again the bullish potential will be even stronger. In both cases we will be going...