AG First Majestic (update)I bet for AG, Silver will go to moon very soon,
Smart money is waiting for short squeeze Gold and Silver,
It could probably happen in a mid long term but i think that will happen at end,
That ´s what macro economics dictate. (i look for wise professional advise)
Do your own investigation before doing any bet, it ´s my personal view and my personal investigation, what i share here. i don ´t want to encourage anybody to follow me.
I ´m posting the daily time frame big picture look of this stock green line is the average growth since Sept. 2019.
Those day are strange the overall indexes show uncertainty, i would not do day training in this actual environment only mid and long term investment.
Good Luck to all
Charlie.
AG trade ideas
AG FIRST MAJESTIC5 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 plus or minus on a date and price.
AG FIRST MAJESTIC (updated chart)i draw a little more info on the chart, ¨ history does not repeats but rhymes ¨
Don ´t remember who said this sentence maybe Mark Twain.
It ´s on Heinki Ashi type of candles but this candles work best in a daily timeframe, i use them to spot trend changes. try them in various stocks but as i said Daily timeframe or more, they are pretty accurate.
This chart is a 30 minutes timeframe. Heinki Ashi as also lot of noise. don ´t care about candles instead look at the price action
the relevant info is draw in the chart.
excuse me i don ´t know how to stay in the same post and do the update from there.
i ´m relatively new at trading view
good luck
Charlie,
AG FIRST MAJESTIC on HEINKI ASHIOK, i use Heinki Ashi ´s candle style charts the filter noise and spot trend reversals
this is the Daily time frame for AG
I still long and guess this stock will close today above 17,40 or nearby (nothing is sure of course)
to me First majestic as a relative high spread and goes side ways, for now i expect the stock will reach again $20
now the price is fighting with the MA20, it ´s normal to see here some resistance, let ´s see how the stock handle that
Silver as been strongly shorted today but at end the shorts seems to not to get a big strength
approximately 12:30 in NYC not the best hour to post a graph, the price on this stock tends to go higher at the end of the session
let ´s see :-)
Try Heinki Ashi to spot trends reversal as an exercise
good luck
any advise are my own opinion and i ´m not able to read the future, so take care it ´s risky :-)
Charlie
AG Silver MajesticAs some know , since 15,32.
I'm long on AG this Chart explain why
i posted another one which contain the Silver CDF ´s
and the compression of the price action on the CDF ´s at big Triadle poder
i think they c ant contain the Silver price at so low range due to the demand, either it ´s a hard battle
keep an eye on the Kids they can Short Sqeeze again, it won ´t be a surprise AG is on their list
Charlie
Silver Mining AG FIRST MAJESTIC THOUGS
On the verk of purchase,
in this type of Kenzo graphics,
the ideal to buy is that a green wick appears
if you look closely you will see that whenever it appears it rises considerably
... and vice versa of courses.
Kenzo are great to spot trend changes
thus filtering out the noise
en Castellano:
A punto de compra, en este tipo de gráficos Kenzo,
lo ideal para comprar es que aparezca una mecha verde
si se fijan bien verán que siempre que aparece sube considerablemente
...y vice versa claro. se utilizan para ver cambios de tendencia
filtrando así el ruido
Weak hands giving to strong hands. What we have here is accumulation from weak to strong hands. FOMO buyers on news of a short squeeze now panic selling into the usual suspects. Look beyond the noise to where commodities are going. Will all commodities explode to the upside except silver? Patience is key.
First Majestic is a Silver Stallion!Possibly one of the last good buying opportunities for First Majestic. Today we sit on key levels of support and resistance at $18 a share. Silver has been undervalued for too long.
Fundamentals:
*Exceptionally high short interest.
*Positive Earnings in the last Quarter.
*Shortage of physical silver.
*WILL BE A VALUABLE IN A BEAR MARKET.
Invest at your own risk.
-24 feb 2021 trading analysis AG-24 feb 2021
trading analysis AG
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
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long possition because price break from strong resistance level 18.97 and follow first line green color to next strong resist 21.38 before pull back or next to 23.65
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good luck, and happy profit
see you for next update
#keep learning bakkarianz metode
AG, silver miner with a silver future....One of the miners that we are following is AG. Made a bottom with a nice 5 waves up that finished with the spike in silver a few weeks back. Now done it's retrace and if this holds, we expect a minimum price target of 55....that is marked by our box in the PROFIT ZONE. First need to break previous high of 24.01, then pretty much off to the races.
AG bulls and bears fighting a key priceFirst 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 breaks as well, then $12.30 is the next large support. AG has a massive short volume so if these shorts are forced to close their positions, the stock will fly. - HH
AG to Fill Gaps and Rise!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 target for AG would be $24 and if that breaks then $27. At that point, we will realize our profits. If in the case AG plot twist on our story and decides to go down, then the purple line would be first support, followed by the very large bottom orange line support.
- HH
23.30% SHORT INTEREST. SILVER SHORTAGE. SHORT SQUEEZEThe United States Mint just announced a shortage of Gold & Silver. See links below.
www.theepochtimes.com
www.reuters.com
Silver has been artificially & fraudulently held down for decades while gold continued to rise.
JP Morgan just bought "FAKE" Silver by creating ("Procured") 61,250 contracts, or 61,350,000 new ounces of Silver (1,000 oz bars) in a matter of days. JP Morgan has been creating Silver out of thin air with nothing to back it up.
When the house of cards falls, you will want physical Silver not contracts, worthless pieces of paper.
First Majestic cannot mine Silver fast enough, everything they have is sold out. Check their website. (Earrings should be a gigantic beat)
store.firstmajestic.com - (Website Bullion Store Message - Due to the influx of silver orders we have to temporarily suspend sales for maintenance we will try our best to get back online as soon as possible.)
Folks, there is a shortage of Silver and the big banks are artificially holding the Silver price down. They cannot keep holding the Silver price down especially with robust demand now.
If you look at inflation, silver should be trading around $1000.00.
Gold & Silver have been manipulated for decades. The manipulation needs to stop!
Today silver is invaluable to solder and brazing alloys, batteries, dentistry, glass coatings, LED chips, medicine, nuclear reactors, photography, photovoltaic (or solar) energy, RFID chips (for tracking parcels or shipments worldwide), semiconductors, touch screens, water purification, wood preservatives and many other industrial uses. Washington-based industry group the Silver Institute calls it "the indispensable metal".
The biggest consumers of silver for industrial applications this past decade have been the US, Canada, China, India, Japan, South Korea, Germany and Russia. Over that time silver demand from older industries has faded, only to be replaced by new technological uses.
With a silver shortage brewing, and First Majestic Silver reporting earnings on or about February 18, 2021, the stock looks ripe for another short squeeze!
I moved into Gold & Silver Bullion - I am out of the stock market.
If you like short squeezes, this silver stock looks ripe for the picking!
The last squeeze spiked the stock to $24.01 within days.
I think it will happen again very soon!
Best of Luck!