AG trade ideas
OPENING: AG COVERED CALLMy timing could have been somewhat better on this at the sub-12 dip, but better late than never ... .
Metrics:
Bought 100 Shares at 13.25
Sold Oct 21st 14 call
Whole Enchilada: 12.30 db
Max Profit: $170 (if called away at 14)
ROC: 13.8%
Notes: I promised myself after closing out my XME short put that I wouldn't be dipping into any more miners ... . Just couldn't help myself ... .
AG LONG POSITION AFTER BREAKING THE 38.2% FIB AND SLIDING INTO ICHIMOKU BEARISH TERRITORY WE HAVE 2 POSSIBLE ENTRY TARGET.
LOOKING TO ENTER AT 10.76 AND 8.78.
BUY HALF OF YOUR POSITION AT THE 10.76 PRICE POINT AND WAIT TO ENTER AT THE 8.78 MARK WITH THE OTHER HALF.
IF 8.78 IS NOT REACHED AND YOU SEE UPTREND MOMENTUM BUY AROUND 12.00.
AT 17.20 UNLOAD HALF OF YOUR POSITION. IF YOU ARE NOT CONFORTABLE WITH ANY MORE RISK THEN UNLOAD 100% AND WAIT FOR THE NEXT BUY OPPORTUNITY.
IF CONFORTABLE WITH MORE RISK THEN WAIT TO SEE IF TARGET 2 IS REACHED AND IF THERE IS STILL UPWARDS MOMENTUM EXPECT TARGET 3 AT 23.81 PRICE POITN AS YOUR FINAL GOAL.
Shorting AGI would short this. despite recent 40% rally in silver prices AG went ahead by a big margin. I see a pull back to fill the gap at $13s next month. Risky to buy at this point. The company haven't been generating enough positive cash flow to justify the current share prices.
Shorting AG The company is overbought on all chart including daily, weekly and monthly. It will pullback and fill the gap as you see on my charting. Silver stocks are overly pumped with press releases in general. I don't recommend buying the hype at the top. Current price seems to be good for shorting for the gap to fill next month for 20%+ gain.
They laughed when I said I liked $AG.$AG and $SLV are doing excellent. $GPL is currently the weakest performer of this up-trend. But, look at this rocket ship. Been unloading on the rallies and re-loading on the dips. Might be time to start scaling out soon.
my current position on AGthe bull run has started in the metals and the effect on the minors so far this year has been fantastic!! IMO this is just the beginning.
$AG looks like it's ready to dip back below $10 for support. It had a nice run. Silver is also touching resistance. I don't see it breaking anytime soon. I believe this is a good short.
Looking for a Flash Crash in Silver I use First Majestic (AG) as a bell weather for the metals, especially the silver miners. We've had a nice run, so far this year. And... it will continue, but with the Brexit vote coming up in two days, I expect a big fall off for silver and especially the miners, EITHER WAY the vote goes.
Not that I'm exiting my AG or other mining stocks. But... I am accumulating DUST as a hedge. Probably not enough to compensate for this next down turn, but enough to make the correction more enjoyable.
PS: This text was supposed to be placed over the chart. Not quite sure why it's not showing up. Oh well...
pennies to thousand long term pureest silver play minersilver mining cost 11- above cloud and rising - put stop loss at cloud- pvt and money flow growing- cci and percent r upper range -stoc and money flow strong -relative strength strong- good hedge against negative interest rates
Silver Stackers & mining Investors gotta love this chartFundamental base formed. Institutional buyers holding new platform for higher lows.
first majestic breaks 200 daymetals are strong broke 50 and 200 day look for minor pullback and then run
