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FIRST MAJESTIC SILVER CORPFIRST MAJESTIC SILVER CORPFIRST MAJESTIC SILVER CORP

FIRST MAJESTIC SILVER CORP

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AG1/N trade ideas

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
(Update) AG showing Triangle Pattern, breakout incoming?Hi. In this 4h chart I've plotted a prediction of the Elliott wave pattern that could emerge as the price has now broken through the diagonal resistance line. I believe that the previous downturn when the price moved to the peak of the triangle was a correction wave and the current movement is the following impulse wave and that the price is currently in the first correction and that the biggest line of the wave is coming next. See the link to the previous idea below if you want to know more. Thank you. Please, if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods with you. This does not constitute financial advice. Any projected prices, even if explicitly stated, are made with intent to discuss the symbol and potential interpretations. Any trades shown or mentioned are examples and neither recommendations or mandates.
NYSE:AGLong
by Kabeldon
Which silver stock? $AG or $PSLVAG and PSLV are both popular silver stocks that more or less track the spot price of silver. PSLV cannot be shorted as each share is backed by 1/3 of an ounce of physical silver. Meanwhile AG can be shorted, so let's look at this chart of AG/PSLV to get an idea of what short sellers are up to. At the beginning of the month it looks like short sellers got scared after the wallstreetbets headway with GME, and the rumors of setting their sights on silver. You can see the spike in the chart where the shorts relinquished their positions, sending a spike up on AG. Afterwards talk of silver was basically banned on wallsteetbets and short sellers moved back in. Now that the spot price continues to show massive support, the AG shorts seem to be sluffing off again. I'd say they're both great buys, and AG might see more upside movement in the short term. But will AG paper silver survive the squeeze as comex fraud is exposed? In that case PSLV might be the safer bet. Note you will need something like 30k shares to take delivery from PSLV, but at least it is an option and will more likely retain it's stock value in the event of a major unwinding of derivatives. This is not financial advice.
NYSE:AGLong
by greenvention
6
AG showing Triangle Pattern, breakout incoming?Hi. In this 1D chart I've plotted a Triangle pattern that's played out since the start of February. I anticipate a dramatic breakout in the coming week (Idea posted 26/03/2021) as it breaks through the diagonal resistance line or the support line. To support the theory that a dramatic breakout is coming there are a couple of indicator factors to consider: The price is currently dancing over the Ma 56 line which indicates an impending breakout in either direction as it moves off it. As well the MACD is currently close to the 0 line which also indicates an impending breakout in either direction as it moves off it. As well the Williams is currently right on the center line which also indicates an impending breakout in either direction as it moves off it. I've made some examples of long trades that could be made if it breaks the diagonal resistance line and when it reaches the prices of point B and D from the Triangle Pattern. Thank you. Please, if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods with you. This does not constitute financial advice. Any projected prices, even if explicitly stated, are made with intent to discuss the symbol and potential interpretations. Any trades shown or mentioned are examples and neither recommendations or mandates.
NYSE:AG
by Kabeldon
AG SILVER MAJESTIC (UPDATE)I abandon the boat, too Risky to me if the price action test a new lower low very soon under the support zone, that could end up in a debacle. Since yesterday i loose my confidence on Silver, fundamentals are not better than the chart. We see a small recuperation today but still doing a lower high if you have stomach you could wait t ´ll the end of the week to see what happens. I ´m Neutral but more bearish than bullish, yesterday was a bad sign, maybe it is just a bear trap, so... who knows Thanks Good Luck Charlie
NYSE:AG
by Charlie2029
2
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.
NYSE:AGLong
by Charlie2029
1