LONG AGExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
FMV trade ideas
Nothing to worry about - yetAG hitting the bottom of the channel. A move to shake out the weak hands. As long as this support holds we should be good.
First Majestic Silver Breakout Massive volume coming causing a technical breakout. Currently consolidating at support.
I hope you are long metals and mining. Should have been a core portfolio position for awhile now.
FIRST MAJESTIC SILVER -> POTENTIAL POSITIVE REVERSAL -> $16,5there is a setup for a positive reversal with target $16,5; when activated ->
AG good time to buyuptrending support, above key moving averages, market is bullish overall, good risk/reward buy
TUFN - long setuptufn, trading at half its IPO price had good earnings, gaped up and looks like a buy here to me,,, do your own research , i am not a financial advisor, just look at the charts, cheers, Rick
AG/SILVERProblematic looking chart from a wave 3 point of view in silver miners so far 3 down from highs in the ratio . The big move up from lows clearly a 5 ..must hold levels
AG potential upcoming buy opportunity As per the Chart
Abbreviations;
ND=No demand
NS= No supply
DW= Demand Wave
RFSB= Resistance from Supply Bar
SFDB support from Demand Bar
SLK= Stop Loss killer
SLKB= Stop Loss Killer Bottom
DB= Demand Bar
SB= Supply Bar
EVRB= effort vs Result Bottom
My Mentors and Inspiration
Volume Analysis - Oleg Alexandrov (Tradingview name: Chartreadingpro )
Money and risk Management - Dmitriy Lavrov
#RocketShip #silver #Majestic $AG #TradingVery bullish, and the underlying price of silver bodes well.
A big concern I see is the short float being 20% and the forward P/E being 200.71 - screams severely overbought
Short $AGShort $AG
10.37
SL 10.86 (-4.7%)
TG1 2.34 (+77.4%)
TG2 0.67 (+93.5%)
TD Sequential 9 Weekly
