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FIRST MAJESTIC SILVER CORPFIRST MAJESTIC SILVER CORPFIRST MAJESTIC SILVER CORP

FIRST MAJESTIC SILVER CORP

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AG trade ideas

Technical analysis update: FMV (23rd June 2021)FMV has been trading within rectangle pattern for some time now. Currently, FMV has neutral trend and it oscillates between its support at 12.34 EUR and its resistance at 15.445 EUR. Neutral trend is reflected in low ADX value. Stochastics and MACD are bearish. However, RSI shows first signs of reversing to the upside. We think that mining stocks within precious metals sector are currently very cheap and attractive. We expect FMV to rise above its resistance and continue up as it coincides with our bullish forecast for gold. Because of that we would like to set medium term price target for FMV to 15.50 EUR. Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
XETR:FMVLong
by Tradersweekly
VERY BULLISHI'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 because people will get margin called and lose their shirts if interest rates rise. But the Fed claims there won't be a raise until 2023... and the chart is telling me we could run up 7-8x from now until then. Meanwhile I just paid 40% more to fill up my car today as compared to a few months ago... Owning a little physical silver makes me feel better. 😓
NYSE:AGLong
by MonetaryRebel
6
First Majestic SilverChart pattern: Bull flag Entry: 17.16$ (this would end the downtrend which is active since the 8th of April 2021) Stop: 15.76$ Target: 20.92$ Stopmanagement: ATR Stops daily chart default settings Risk:Reward-Ratio: > 2:1 Description: Since the 8th of April 2021 the chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement ). Target is the 1:1.6 Fibonacci extension of the former impusliv move. Also the MACD can be used as a buy-signal as it was valid in the recent past.
NYSE:AGLong
by Cape-Peninsula-Capital
Beautiful Inverse Head and Shoulder with false breakdown?Check out this Inverse head and shoulders pattern setting up. Risky play but looks to be setting up for a big continuation on the upside for the rest of 2021. The breaking of the support line adds concern for this set up although could be a false break down only to shake off weak hands. Full disclosure I am trading AG options and also have a large amount of shares as a long term play. Bearish Scenario: If this breaks below $15 it might have some more to go. Mexico banned mining due to covid until April 30
NYSE:AGLong
by luigjic
First Majestic 4.23.21I am still liking First Majestic and imo it is a better play than physical atm. IF YOU HAVE NO PHYSICAL THEN I THINK YOU STILL SHOULD HAVE at least 1 percent. Preferably 3-5 percent in metals. This is not a speculation. This is wealth preservation. It works. First majestic is a huge play and i think it can easily hit 100 if silver even starts to take out the 35 dollar level you are going to see miners just rip the face off. Miners perform much like shitcoins. You can make insane amounts of money at the right times. Crypto and metals are LONG TERM holds imo and you should be accumulating for the long term and not worrying about the noise. If your at the store and your favorite item is 50 percent off do you pass it over? or do you load the shopping cart?
NYSE:AGLong
by BrandonrG