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AGQ trade ideas

$AGQ to $104Operating off of a confluence of multiple signals showing a major breakout for AMEX:AGQ , there is a simple chart wedge that at the 1.618 Fib level places us firmly @ $104 / share. - TVC:SILVER near term to hit ~$47/Oz: - TVC:SILVER long term to hit ~$205/Oz: The last time TVC:SILVER was at ~$48/Oz, AMEX:AGQ was around $740. Given the level of general macro instability, weather patterns potentially damaging critical infrastructure, increasing demands for physical TVC:SILVER for semiconductors / green engineering (solar), plus the backdrop of the weakening dollar (BRICS et. al. dumping US Treasuries), AMEX:AGQ just might follow these to factors Valhalla, if my analysis is correct. Would love to hear your thoughts
AMEX:AGQLong
by httpz
3
Silver will fall 10% - AGQ will fall 20% for retracementA 70% chance that silver provides a retracement next week, as the attacks on Israel by Iran are not coming out - and the West is getting desperate (I smell a false flag if Iran doesn't bite). Asia (ChIndia - China & India) are hodling silver and gold and will provide the impetus for the forward price of precious metals. TTM squeezes normally see price bounce off the opposite end as a fakeout before its continuation. I see that on multiple smaller TF's and a retracement to the middle BB on higher TF's. I see a huge boost of silver miners coming up shortly, but for now I see a consolidation happening. Options for AMEX:AGQ was .05 for $36 June, so I see this going up to $1 or 20x if all goes as planned. Then time to reload for metals blasting off!
AMEX:AGQShort
by EmptyEternity
9
AGQ- A Silver on steroids ETF LONGAGQ a leveraged ETF of silver and its futures, spent mid-March to mid-April on a great uptrend from which it pivoted down in a 50% Fib. retracement which took two months to complete. After a bit of consolidation and sideways channeling, it has finally launched into bullish continuation as shown on the daily chart. The Lorentzian AI machine learning indicator printed a buy signal today as it reacted to a green engulfing candle crossing the mean VWAP anchored from the pivot low of mid-March. This indicator has extreme accuracy in its signals as demonstrated on its tables. On the MTF RSI indicator, the low TF RSI has been riding above the higher and crossed the 50 level one week ago. The zero-lag MACD is confirmatory. Overall AGQ is ready for a swing long trade which I will take. I will zoom into a 30-60 minute time frame and look for a pivot low from which to enter. My target is the line showing two standard deviations above the anchored mean VWAP presently about 36.3 representing at least 20% potential upside and profit. The stop loss will be narrow with the price presently at the mean VWAP and POC line of the visible range volume profile I will set it at 29.85. ( The risk to reward is approximately 1:40 ) DYODD !
AMEX:AGQLong
by AwesomeAvani
2
AGQ- Time to push higherPlease check my previous ideas on AGQ, why I like to invest in it and the potential there is. AGQ is a 2x leveraged Silver ETF. Instead of utilizing swaps like most geared funds, AGQ invests in silver futures and forward contracts—this also means the fund is structured as a commodities pool, so it will distribute a K-1 form. Since I expect silver to go higher, holding some AGQ shares is another way to invest /speculate on the price of silver rising. the FXPROFESSOR
AMEX:AGQLong
by FX_Professor
3
Long AGQ multi-month tradeThe silver sentiment is much better than gold. Gold/silver bull run should start somewhere end of this month and next month. Start adding position on AGQ around 44-48. a weekly close below 55 MA should be stop loss (around 42 currently). profit target depends on the time frame rather than the price target. Note: The only thing to be aware of is the USD cycle --- whether we are in a new multi-year-long rising or falling USD cycle (check DXY). With infinite QE, I would bias towards a falling USD cycle, as of 2020. But if USD continues to rise then we will different sentiment.
AMEX:AGQLong
by IC50_50
Historic set up in play.Lets get real here, the system we have know and that has brought us many wonderful things and a whole lot of corruption is approaching its curtain call. This is a play that I see being better than average in happening. The down side? None. At some point there will be a reset of the system and at that point Big Bro will pick up the ball and go home leaving us to have a plan B. In the mean time good luck to all and know that everything is just an experience.
AMEX:AGQ
by Earthmatrix
AGQ - Lose a thousand or make a million🍒💰My favorite ETF to buy. Why buy Gold at almost record all time highs? Why trade Silver futures with a high leverage that can bit me in the ass in a single day? I prefer to buy the ETF and trade it like a share✔️, thus no expiry on a CFD✔️, no huge leverage✔️, no expiry means i do the broker no favors✔️ For this trade alone I have an account on a broker just for this one, yes only this trade. I deposited an amount I can lose without crying and I do 2 things: I buy it and I compound the profits. If Silver goes to 50 again then this should go to 700s again like it did 10 years ago. If that happens, the broker will be in pain. My favorite people to hurt (financially) is the brokers.. as you all they can afford it. Risk to reward with a leverage of 5 and compounding is 300 to 1. I take this trade 20 times if I have to (this is actually attempt number 3😉)
AMEX:AGQLong
by FX_Professor
19
Silver and AGQ Looks like a buyGreetings! Precious metals and therefor AGQ look attractive on several time frames for both traders and investors Here is a quick run down of why I am in AGQ as of today (p.s. this isn't financial advise, it is why I do what I do): Price action just retested previous horizontal resistance as support at 39.5 popped below the daily bollinger band and is recovering. retested the 300 daily EMA as support and the 9 seasons rainbow is suggesting we are crazy oversold This reinforces my notion in the chart below that the flag pole created a falling wedge and we can reasonable suspect to see price action continue its way up the flagpole with this consolidation either bisecting or trisecting the total move. It is nice to see the flagpole hypothesis backed up with lots of bullish divergences as the chart shows below, with a rough target for silver futures. A broader look at silver futures shows that price action has just completed a consolidation between the 0.5 and 0.382 fib channels levels and if the flagpole performs it gets us into a nowhere land and between the 0.618 and 0.786 retrace level. That is a pretty wide level but, as an optimist, I hope for overperformance. The volume situation is looking absolutely lovely for blast off. The Volume Profile Visible Range is definitely something that you can use to see whatever you want so I use it with the Average true range (set to log scale here) to help me find an absolute low in volatility to help set the chart. After setting the chart properly I can then look at what price action would be doing. The Value area is set to contain 68% of price action and the fact that price action has found support on top of the value area, by interpretation, suggests we confirmed the first up-leg in this bull market. These are going to be heady times for precious metal bugs as there is a good chance that this move will set up a multi-year consolidation pattern as we see happened between 2004 and 2006 and them massive continuation and with all the quantitative easing going on I would expect a quicker consolidation this time around. Out of everything in this post what is below is the furthest reach but it is still exciting to see a potential inverted complex head and shoulders on silver futures divided by nasdaq futures. Hell, even if I am wrong and price action just returns to the neckline this is a great chance to buy silver against equities. The linked idea from yesterday has much of the same analysis as here but on gold. The other linked idea shows where I used a lot of the same patterns I did in this idea to nail the bottom on SPXUSD during the great dip of 2020. I have gotten pretty good at identifying these lows and getting good entries, the problem for me now is holding them closer to investments as opposed to trades. If you follow me you will see I now use the volatility stop and fib channels to help me make sure levels are met, but that isn't applicable to this post yet.
AMEX:AGQLong
by This_Guhy
2