Trend linesLow trend line - strong buy. After the fed droped rates by 50 bps, be prepared for a wild ride, we could gap up, before we gap down, until within the end of the next year the stock explodes up with the price of silver. Price of silver is around $31, from all time high in 2011 of $49Longby variousFriend10166110
MAG - 4 months RECTANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════ Longby TheArtOfCharting5
May Silver short term top?Head and shoulders intermediate top seen, not yet confirmed.Shortby WavesPatternsCandlesIndicators0
Mag SilverSupport seen with bullish falling wedge as Gold makes all time highs is it time for Silver to shine?Longby WavesPatternsCandlesIndicators0
MAG, 3/22-3/28, 9.5% profitOn 3/19/2024, MAG Silver (MAG) reported earnings of $0.14 per share on revenue of $0.00 million for the fourth quarter ended December 2023. The consensus earnings estimate was $0.13 per share on revenue of $211.35 million. Longby 1hour_trading1
MAGMag has finally achieved commercial production on their giant silver project .. It's been a long road and i've been following this story forever . They finally started producing silver this month . Figure they are worth adding more shares to my collection now .Longby SilvaBullUpdated 220
MAG | Good Entry Point | LONGMAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. The company is headquartered in Vancouver, Canada.Longby DivergenceSeeker224
$MAG a Play on Sliver$MAG setting up here as a play on Silver. Silver is squeezing so looking for upside expansion.Longby TaPlot6
MAGClubbed like a baby seal down to support. Doing some bottom fishing on this one.Longby SilvaBull221
MAG Daily In terms of technical analysis, gold and silver stocks appear to be preparing for medium-term growth.Longby samsalari330
$MAG Mag Silver On Breakout Watch Hopefully you find the chart helpful in terms of Supports & Resistance etc. we refrain from adding commentary on the chart as that is reserved for our members and we are very conscious of not giving financial or trading advice. Thank you for taking time to consult our chart and we would really appreciate a like, follow or comment. Longby Xclusive-Trading3
MAG - LONG - waiting for an entrySeeing a head and shoulders pattern...this could potentially go lower towards the 1.618 ($14ish) levels before it goes up (on the weekly/monthly chart)...However, on the 2/4 hour chart it looks to have double bottomed out... Watching for a solid entry...perhaps around $14ish...if not around $17.20 1st Target: $22 2nd Target: $27Longby VisionaryUpdated 440
MAG Silver Jake Bernstein MAC Weekly buy signalI have modified two scripts to show the Jake Bernstein Moving Average Channel (MAC) along with the Williams A/D on the same chart. MAG Silver had a bullish trend on daily and weekly MAC. MAG Silver a an excellent way to bet on a rebound in silver - they have a world class mine in Mexico. Weekly MAC buy at the bottom of the channel $17.70 (sell at top of the channel $19.04). Also trades on the Toronto Stock Exchange under the same symbol, MAG.Longby 3b78ea3dc5d144579b25cc6945a5d00
MAG SILVER CORP Chart DailyHello traders, MAG SILVER CORP is in a fake bullish composition with large past volume and a turning point with larger shadow from sellers. Leaning over the TIMEFREME M1 we observed a dash with an executed purchase volume feedback, it goes towards the top of the comfort zone to re-test it. It is very plausible to breakout the price then at the same time the zone and go on the high which follows to fill the gap of bearish rupture (View on TIMEFRAME H4). With excess (on TIMEFRAME H1) it is above the second comfort zone after its breakout. No buying push to test the middle of the intermediate median of ANDREWS PITCHFORK. Please LIKE & FOLLOW, thank you!Shortby stephanelibatd662
$MAG 3 Month #Rectangle #ChartPattern #Breatkout #SetupMAG Silver Corp is setting up a possible nice breakout trade from the $18 level. The stock closed at an ATH on Friday and well above that $18 critical level that was tested back in 2016 and 2007. Notice the bear trap on 09/23 with the stock closing below rectangle support for one day only to rally the next day. This bear trap, I believe, will end up pushing the stock into higher grounds with short scrambling to cover their positions.Longby TaPlot3
MAGBullish flag consolidation above support. Good fundamentals. Long term hold.Longby SilvaBullUpdated 2
MAG on TSX, is $20.00 Possible?MAG is a Canadian Silver Company operating in Mexico. I've been looking for another silver stock to own beside FVI. This stock has hit what appears to be a double bottom while it has been consolidating. My preferred indicators are rising and perhaps there will be an uptick tomorrow. If it surpasses resistance around the mid $18.00 +/- range I'm looking for a higher move to $20.00? Do your own DD . This is my Wild Ass Guess (WAG) for entertainment purposes. (This is not professional investment advice)Longby EODChartist3
MAG Base Formed - Uptrend ContinuationMAG formed a solid base after jumping in recent weeks. This base indicates that the uptrend will continue.Longby audamir6