Get started
First Majestic Silver Corp.First Majestic Silver Corp.First Majestic Silver Corp.

First Majestic Silver Corp.

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options Bonds

AG trade ideas

AG First Majestic Silver Corp, Down before up?Keep it simple. I drew a yellow brick road to the next target zone. This is a 2 to 3 month play. We have sell signals, no buy signals, with momentum even still bearish. I dont want AG to drop to here, but I just read charts and drop emotions. Were at the top of the wedge, with the Ichimoku turning bearish. The bottom of the wedge is a long term support line and great value area. Happy Trading, debating and speculating. Check my other charts as well!
NYSE:AGShort
by ToddGreen
11
AG: Resistance becoming supportAG fell below $6 recently, where it then bottomed into a (loosely) cup & handle pattern with $6 as resistance. Recently, it broke above the $6 and, in the last two days, backtested the resistance, which now could be support. It also happens to be just above the still falling 50 DMA. Of note is that on Feb 28, AG missed earnings. The next day, the stock rallied strongly. This could be a sign that sellers are completely exhausted. I believe it is low risk here with a stop under $6, with a lot of upside potential if the precious metals bull resumes and the US Dollar weakens. Which, looks to be almost certain given the fundamental happenings today.
NYSE:AGLong
by tangman
3
Buy First Majestic Silver up to 8.20 USDIt´s been the right thing to wait with any recommendation in the mining sector. But now I feel the time is right. As explained I believe silver has a great potential over the next 8-12 months. The best way to play a multi-months rally in silver are some of the best but currently beaten down silver mining stocks. First Majestic Silver without a doubt is one of the best companies in this sector. Focused on silver production in Mexico the company is run by mining legend Keith Neumeyer. Although First Majestic has been consolidating sideways since October last year I think the stock is at a very interesting juncture. We might be a bit early to the party but the risk/reward is just phenomenal! With a stop loss at 6.50 USD and a 1st profit target at 19.00 USD the idea has an initial 1:3 risk/reward-ratio. But First Majestic could easily take out 19.00 USD and we might scale in a couple more times once the stock has clear the downtrend line at 8.20 USD.
NYSE:AG
by MidasTouchConsulting