First Majestic Potential trading opportunity. Information on the chart. Not financial advice. Longby ECT870
AG | This Has Me Drooling | LONGFirst 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 102,244 hectares located in Sonora; Jerritt Canyon gold mine that covers an area of approximately of 30,821 hectares located in Elko County, Nevada; and the La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila, as well as surface land ownership of 1,343 hectares. The company also holds 100% interests in the La Parrilla Silver Mine that covers an area of 69,478 hectares located in Durango; the Del Toro Silver Mine consisting of 3,815 hectares of mining concessions and 219 hectares of surface rights located in Zacatecas; the San Martin Silver Mine includes 33 mining concessions covering an area of 12,795 hectares located in Jalisco; and the La Guitarra Silver Mine that covers an area of 39,714 hectares located in Mexico. In addition, it holds interest in the Springpole project, a gold and silver project covering an area of approximately 41,913 hectares in Ontario, Canada. The company was formerly known as First Majestic Resource Corp. and changed its name to First Majestic Silver Corp. in November 2006. First Majestic Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada.Longby DivergenceSeeker3312
AG BUY+++ Earnings miss overdone good for +20% bounceAG is oversold here and good for an easy +20% bounce playLongby ShortSeller763
$AG - Not gonna do wellYeah... 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 push from bad earnings. It doesn't make sense that this stock would drop MORE from where it already is... it really doesn't, but seeing that they added it to the meme basket 1 day before earnings... yeah i'm now convinced AG will have bad earnings and Wallstreet/someone already knows. You don't add successful companies to the meme basket :) TLDR: Get $AG Puts 11-25 days out.Shortby leenixusuUpdated 3
Buying Opportunity Is Coming To AG & Silver PricesI 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. Longby BigPippinSpendingGs339
the start of the 3rd wave is nearcrab harmonic pattern: X=$201.6 A=$0.02 AB=0.61 XA BC=0.38 AB 0.78 BC=$3.76 0.88 BC=$4.68 1.13 BC=$7.97 1.41 BC=$14.7 1.6 BC=$23 0.78 XA=$28 2 BC=$53.4 0.88 XA=$70.5 2.24 BC=$90.2 2.6 BC=$206 1.13 XA=$668 3.6 BC=$1835 1.27 XA=$2474 4.23 BC=$7087 1.41 XA=$8830 1.6 XA=$60087Longby HarmonicPitchforksUpdated 7712
Will AG move with Silver?AG's pricing pattern is becoming more constructive each day. As silver continues to move higher, we'll see if AG follows.by TradeAnatomy222
First Majestic: Time to Say GoodbyeFirst 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 the $2.91-mark to complete the dark green wave alt. . by MarketIntel0
Buy ideaBreaking out, after a nice H&S pattern. Innsupport of the Silver long idea (see lower). Trade safeLongby UnknownUnicorn3382580332
Speculative Bearish Entry on SIlver Miner's Upcoming EarningsAG 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.Shortby RizeSenpai111
First Majestic: Shy…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 should indeed move upwards, heading for the resistance at $19.41. However, there is also a 40% chance that First Majestic could slip through the turquoise zone and drop below the support at $5.30. In that case, it should extend the downwards movement until $2.91.by MarketIntel2
First Majestic Silver AG - Rare OpportunityFirst Majestic silver along with the rest of the mining stocks have been pummeled the last few weeks.. or months..er I mean years. It is my strong opinion that a rare opportunity has opened up in many of these stocks - historical. These monthly candles really help depict the birds eye view necessary to spot the larger patterns and trend. AG has been forming a large wedge for many years and broke out a few years ago.. Price is now on the launchpad. It might be a slow rocket getting off the ground but it has a tremendous amount of fuel. Longby gghsusaUpdated 131313
AG H&SNice set up for the short. Poss more downside. But will sit this out until clear direction Head n Shoulders. Shortby BullnBear_MarketsUpdated 0
First Majestic: Refinishing…Like an artist with their painting, a craftsperson with their handiwork or a cook with their most exquisite dish, First Majestic seems not yet ready to let go of its work in the turquoise zone between $12.36 and $6.89 and apparently wants to add a finishing touch. Thus, it has arched back downwards and could aim for completing wave 2 in turquoise a bit deeper still in the turquoise zone. As soon as the current downwards movement is concluded, though, First Majestic should turn upwards and head for the resistance at $19.41. However, there is a remarkable 45% chance that First Majestic could break through the bottom of the turquoise zone and drop below the support at $5.30, which would then trigger further downwards movement.by MarketIntel0
FRFirst Majestic still remains one of my top picks for a true silver bull market which i believe we are in now. Not my top pick, but a close 3rd from the top. So i am overweight in this one for sure. This is the weekly perspective, the monthly is even more bullish showing a giant ascending triangle. I keep adding on any pullback.Longby etfsandstuffUpdated 22220
First Majestic Bigger PictureTrend for the monthly channel on $AG for those with a longer-term perspective this could be the tie to buy...by keirmaher552
First Majestic 7.7.22Might be the buy of the year. ive put off buying this one as a long term hold. But i am getting super bullish on this one even though im still bearish on silver short/mid term. I bet on ppl and Keith seems like one of the most genuine influencers ive come across online. I picked up some shares for my long term holdings this am. Didnt get the 6 dollar level i wanted but did at 7 flat.by BrandonrGUpdated 112
First Majestic: Should I Stay Or Should I Go?“Darling, you’ve got to let me know – should I stay or should I go?” This song by The Clash seems to be sounding in the background while First Majestic is thinking. As it has already reached the ideal target point for wave 2 in turquoise, the share price could directly go upwards now, rising above the resistance at $19.41. Likewise, it could stay to finish wave 2 in turquoise a bit deeper in the turquoise zone between $12.36 and $6.89. However, there is also a 45% chance that First Majestic could drop below the support line at $5.30, thus activating further descent.by MarketIntel111
Possible short on further fed funds hikes down to $5I expect more downside in miners if perceived hawkishness from the fed is maintained. Soon though, they'll cave and sacrifice the dollar to do what they think will save the markets, which will lead to an explosion in precious metals. These miners will be the ultimate levered trade on the coming fed pivot so be ready to reverse to long.Shortby jforet61123
AG - BOOLISHLooking super bull here if we hold this line and pattern. Chart is pretty self-explanatory. Enjoy! Longby BullnBear_MarketsUpdated 664
FIRST MAJESTIC SILVER - PRESSURE BUILDINGThis is a weekly chart of AG, First Majestic Silver Corp. I like to call this pattern a giant compression wedge - it's just a simple descending triangle. But considering this is on the weekly timeframe, it's a mammoth-sized wedge. I like the pattern but I really like the company. I'll try to focus on the technical analysis, but First Majestic looks incredibly well positioned for what's unfolding in the metals market. They have their ducks in a row. If you follow my ideas, then you'll know how I feel about precious metals. I believe we're facing a perfect storm that will propel precious metals & miners to incredible levels. The monetary circus, supply & demand, inflation, gold:silver ratio, and the commodity cycle are just a few of the ingredients in the recipe. I'm torn about direction. Equities, the dollar, precious metals, and the miners are in a pivotal place. The dollar looks like it's trying to find a bottom. It's possible that the metals, miners, and equities get pushed down hard again.. potentially another crash. Having another crash in equities, metals, miners, etc.. would be my preferred path because I suspect that it wouldn't last long.. Inflation is coming but don't rule out another deflationary hiccup. I like to buy stuff cheap and so I'll be thrilled to have another discount. Watch the dollar. I think we're going to know soon.. and watch First Majestic. It would be incredible to have it tag (E) of this wedge. The measured move of this pattern is somewhere around 39-40 but a move from $4.00 to 40 is a 10x compared to the 2x it is from current prices.by gghsusaUpdated 999
First Majestic Silver Corp - AG | by requestI am flattered to have had a request for a chart. Special thank you to @RocketFuel20 🙂 My view of this chart is that the price action is somewhat inconclusive at the moment. That said, we CAN summarize a theme for which there is evidence to believe that this AG is NOT YET ready to buy: How does the price behave? Following a top, we observe from August 2014 - January 2016 : 1. Failed breakout; 2. a subsequent selloff (collapse tbh); 3. a little rally; 4. another subsequent selloff - after which point we develop a bottom and then takeoff with a legit and very attractive breakout. Notice this series of events takes place over roughly 17 months. Based on where we are today and the 1 - 4 summary provided above, I think it is reasonable to expect some kind of rally in the short term. Will it be the big attractive breakout? I cannot say for sure, but I remain doubtful based on the historical behavior and the "why", which follows: Now we can start to ask why , based on what we observe in in the economy today: Kicking off this post, I mention that the evidence is inconclusive at the moment. To me, $AG is not something I would buy or short, but rather I would wait until we see more of a bottom. Last, the US is raising interest rates, which means that the US Dollar is likely to gain strength (not so bullish for silver - or any precious metal... or any risk asset really). On that note, when the time comes to buy silver, I think you are better suited to buy in the spot market, as opposed to a company that produces silver to sell on the open market. So for right now, the portfolio management question becomes: would you rather own US Debt securities that are paying a guaranteed risk-free rate of return, or would you rather speculate in silver? I personally would not choose to speculate in silver, based on the data we have in this chart. Take care. God bless! by ChiefMacro221