I've been watching this triangle for probably a couple years 🤣 and it's finally broken out! Commodity prices are rising quickly and don't look like they're stopping and SILVER HASN'T EVEN MADE A NEW HIGH YET!!! Could be the opportunity of a lifetime but we also need to be aware of the downside risks because this will sell off if the market sells off simply...
distance from head to neckline is first target after a confirmed breakout above neckline
RSI seems to have broken out. MACD has crossed over. If we can close today with a nice green candle this might push with the rest of the market!
5 years arc represent a cup with a forming handle. Fundamental for silver are incredible. The only thing that currently limits its full potential is spoofing by big 8. This game is coming to the end with no physical silver being found and currently several mints are defaulting around the globe. Initial target $39.59 with and it will get us there on June 3rd 2021...
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 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
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
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.
MMHVW - so it’s clear to see that a breakout and retest has taken place here. If this diamond ab=cd plays out price could reach 37 are roundabout. First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver production in Mexico. It owns and operates six silver producing mines,...
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...