AG to test the top of the channelAG at this price point is a very high reward, low risk play. We truly believe this company has the potential to 2x-3x in price in the next 1-2 years. - HH
Firstmajestic
AG - First majestic silverThese are my thoughts on BTC . They are meant to give you an idea, not trading advice.
These chart look very alike.
When silver goes up, it can go very fast.
This could still take a couple of months, but I strongly believe this will break to upside.
Please be careful, as the market never gives you certainties, only probabilities!
ALWAYS REMEMBER THIS WHEN YOU TRADE
First Majestic Silver : Pitchfork RetracementsHealthy Upleg and Bullish RSI.
This stock is a great way to play the bull silver market.
It is a cult stock, with famous and great management.
This is the largest silver producer (operations mainly in Mexico) with long term reserves.
Great long term play.
Not cheap but marginal when looking at the current silver price...
Bearish Wolfe Wave Coming Up To EarningsPossible bearish wolfe wave / rising wedge on First Majestic Silver. Viewed on 4hr / 240min chart, also seen on daily chart. Coming up to earnings date. Just started trying to identify wolfe wave patterns, so will be interesting to see how this plays out.
First Majestic Silver looking extremely bullish to me.MMHVW - so it’s clear to see that a breakout and retest has taken place here. If this diamond ab=cd plays out price could reach 37 are roundabout.
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver production in Mexico. It owns and operates six silver producing mines, including the San Dimas Silver/Gold Mine covering an area of 71,867 hectares located in Durango; the Santa Elena Silver/Gold Mine covering an area of 101,772 hectares located in Sonora; La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila; San Martin Silver Mine covering an area of 38,512 hectares located in Jalisco, as well as 1,296 hectares of surface land; La Parrilla Silver Mine covering an area of 69,478 hectares located in Durango; and Del Toro Silver Mine covering an area of 2,159 hectares situated in Zacatecas in Mexico.
Their level of debt (26.1%) compared to net worth is satisfactory and also it’s share price is below the future cash flow value, and at a substantial discount (> 40%).
First Majestic Silver Corp Bullish Potential.The top silver stock has aggressively broken above a +2 year bearish Channel Down on 1W (RSI = 79.546) and showcases significant long term bullish potential. If a new Channel Up emerges on 1W then the Buy Zone is within 7.00 - 8.00. If the 1W Resistance break out aggressively then again the bullish potential will be even stronger. In both cases we will be going long.
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