Patron Alcista - Frena en el Cluster formado por Fibonacci y sale al alza.
Es un activo corrrelacionado al oro y plata que tuvieron una gran recuperacion. pero el cluster formado por el activo genero mucha fortaleza al alza.
AG
Silver Long Setup - Soon-ish (4H)Not much to say here, pretty straight forward forecasting. I'll be long if we test 16.25-16.30 range. Note I pointed the arrow straight to the 20th. ;) GL
AG Cup and HandleIf AG breaks resistance at $9.22, it will test $9.91. If we break that, the next test is at $11.20. My strategy is to buy a Feb $8/$11 call spread for $1.20.
Silver Bearish Gartley & Bullish Bat Potential MovePotential sells if it turns out to be the Gartley and potential buys if it turns out to be the bat.
NEM and AG: Buying a 3.5% and 2.7% position respectively hereJust documenting this entry.
AG was Tim West's suggestion, NEM, is a good gold proxy here.
Good luck,
Ivan Labrie.
Might be good idea to wait for the next opportunity on silver.Silver looks like it will be on neutral mode until the fed decide what they will do with the interest rate. I personally think it'll be a good idea to wait for the next opportunity.
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 ... .
Dollar will collapse imo. Get into minning!Why do you guys they the dollar was propped up in the last couple of weeks? It's preparing to crash. $SLV $AG looking really attractive at these levels. Going long tomorrow.
Very bullish on Silver! What a great opportunity!The trend is very likely to continue. Silver is more rare than gold while the big banks are manipulating and accumulating silver. This will take off very very soon!
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.
Sharp downward trend. $19s the next stop?Looks like it's set to go below $20. Shorting might be a good idea.
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.
$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...
Silver Likely to See a Pullback Near-TermSilver has seen an unexpected rally to most and continues to show strength as holdings of silver-backed ETFs reach all-time highs. Since posting "Potential Inflection in SLV: Price Action and Options," (under CommoditiesTrader) SLV is up almost 22 percent.
However, near-term there will be a correction to work off the overbought conditions.
The RSI was quite elevated at 77, while the z-score hit a near-term high of 2.9
The +/-DMI is showing that price action still remains positive but the ADX is beginning to tick lower.
The stochastic indicator is currently over bought at 87.51/93.26
Of course, precious metals will move with headlines. Given the sharp two-day decline, the SLV looks promising between $15.90 and $15.60. If traders sell through the secondary uptrend near $15.60, we could see further selling to $15.
It's important to remember the risk is dynamic. Traders will flock to the safe-haven aspect of silver if more troubling news surface about European banks, Brexit and, simply, slowing growth.
A correction will only be healthy going forward. The weekly chart shows at $17 is a tough nut to crack - only seeing one close above this level since January '15.
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