AG trade ideas
Weak hands giving to strong hands. What we have here is accumulation from weak to strong hands. FOMO buyers on news of a short squeeze now panic selling into the usual suspects. Look beyond the noise to where commodities are going. Will all commodities explode to the upside except silver? Patience is key.
First Majestic is a Silver Stallion!Possibly one of the last good buying opportunities for First Majestic. Today we sit on key levels of support and resistance at $18 a share. Silver has been undervalued for too long.
Fundamentals:
*Exceptionally high short interest.
*Positive Earnings in the last Quarter.
*Shortage of physical silver.
*WILL BE A VALUABLE IN A BEAR MARKET.
Invest at your own risk.
-24 feb 2021 trading analysis AG-24 feb 2021
trading analysis AG
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
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long possition because price break from strong resistance level 18.97 and follow first line green color to next strong resist 21.38 before pull back or next to 23.65
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good luck, and happy profit
see you for next update
#keep learning bakkarianz metode
AG, silver miner with a silver future....One of the miners that we are following is AG. Made a bottom with a nice 5 waves up that finished with the spike in silver a few weeks back. Now done it's retrace and if this holds, we expect a minimum price target of 55....that is marked by our box in the PROFIT ZONE. First need to break previous high of 24.01, then pretty much off to the races.
Bullish pennant in AG about to break upward
The resolution of the bullish pennant formation that took First Majestic (AG) from $12 to $18 this past month should break upward from $18 to $24, which is also where it touched as resistance on the Feb 1st #silversqueeze.
$AG Battle line at lower arrow held vital support above upper arrow favours new highs vol at lows picked up, massive vol at highs of course but would be interest to see where their stop loss is ??
AG bulls and bears fighting a key priceFirst Majestic (AG) is at a very key point right now. AG is leading the junior silver miners and is giving the sector a glimpse of light for the incoming silver bull run. If AG closes above $14.53, there is a good chance the stock will quickly rise to $17. If we close under $14.53, AG would make a "double-top" and has more chances of falling to $14, and if that breaks as well, then $12.30 is the next large support. AG has a massive short volume so if these shorts are forced to close their positions, the stock will fly. - HH
AG to Fill Gaps and Rise!AG has left a couple of gaps on its way down in the last couple weeks. We believe these gaps need to be filled, therefore we see a rise in AG! Of course every analysis has its own story and ours could play out totally wrong, but we believe the odds are in our favor.
Right now, the orange uptrend line is being used as resistance. If the orange line breaks, next target for AG would be $24 and if that breaks then $27. At that point, we will realize our profits. If in the case AG plot twist on our story and decides to go down, then the purple line would be first support, followed by the very large bottom orange line support.
- HH
23.30% SHORT INTEREST. SILVER SHORTAGE. SHORT SQUEEZEThe United States Mint just announced a shortage of Gold & Silver. See links below.
www.theepochtimes.com
www.reuters.com
Silver has been artificially & fraudulently held down for decades while gold continued to rise.
JP Morgan just bought "FAKE" Silver by creating ("Procured") 61,250 contracts, or 61,350,000 new ounces of Silver (1,000 oz bars) in a matter of days. JP Morgan has been creating Silver out of thin air with nothing to back it up.
When the house of cards falls, you will want physical Silver not contracts, worthless pieces of paper.
First Majestic cannot mine Silver fast enough, everything they have is sold out. Check their website. (Earrings should be a gigantic beat)
store.firstmajestic.com - (Website Bullion Store Message - Due to the influx of silver orders we have to temporarily suspend sales for maintenance we will try our best to get back online as soon as possible.)
Folks, there is a shortage of Silver and the big banks are artificially holding the Silver price down. They cannot keep holding the Silver price down especially with robust demand now.
If you look at inflation, silver should be trading around $1000.00.
Gold & Silver have been manipulated for decades. The manipulation needs to stop!
Today silver is invaluable to solder and brazing alloys, batteries, dentistry, glass coatings, LED chips, medicine, nuclear reactors, photography, photovoltaic (or solar) energy, RFID chips (for tracking parcels or shipments worldwide), semiconductors, touch screens, water purification, wood preservatives and many other industrial uses. Washington-based industry group the Silver Institute calls it "the indispensable metal".
The biggest consumers of silver for industrial applications this past decade have been the US, Canada, China, India, Japan, South Korea, Germany and Russia. Over that time silver demand from older industries has faded, only to be replaced by new technological uses.
With a silver shortage brewing, and First Majestic Silver reporting earnings on or about February 18, 2021, the stock looks ripe for another short squeeze!
I moved into Gold & Silver Bullion - I am out of the stock market.
If you like short squeezes, this silver stock looks ripe for the picking!
The last squeeze spiked the stock to $24.01 within days.
I think it will happen again very soon!
Best of Luck!
Will First Majestic close above 20.20$ before Q3 2021?Broke out above 2016 highs. now can it close above 2012 top?
First Majestic Silver - collected PowerMonthly Chart
During the last years this stock did a long and good consolidation.
At the end, old Stakeholders lost the nerves , sold shares (see on balanced Volume).
Now, buyers are back. Short sellers maybe became nervous.
Powerful Volume in jan/21
Break out through very long triangle done.
Next 2 years with excellent potential.
Price taregt around 150-170 USD/Share
Don't become nervous due of some setbacks on outbreak line.
Dan/31.01.2021/
Stock price 18.12 USD
AGAmazing jump bit more than expected but great breakout. Could we see it hold it might go even higher.
