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FIRST MAJESTIC SILVER CORPFF

FIRST MAJESTIC SILVER CORP

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First Majestic is about to move higher?My Take of First Majestic The main reason why i am interested with First Majestic is the 3 month candle is closing above the RANGE (Blue Line) and above BREAKOUT (0 Line) I am bullish on silver and First Majestic stock can give you good return in a short period of time The reward is higher than risk, check RANGE INDICATOR (Green and Red line) In my opinion, it's not as efficient as Silvercorp or Fresnillo, but it's in the mid-range. How many primary silver companies are efficient? Not many. I wish it had gone to my entry level of $3.85 but i will buy more if it does. The good thing is that it has positive Free Cash Flow last quarter.
NYSE:AG
by Theordertaker
AG (First Majestic Silver Corp) – 30-Min Short Trade Setup !📉🚨 🔹 Asset: AG – NYSE 🔹 Timeframe: 30-Min Chart 🔹 Setup Type: Bearish Breakdown (Ascending Triangle Failure) 📊 Trade Plan (Short Position) ✅ Entry Zone: Below $7.20 (Breakdown Confirmation) ✅ Stop-Loss (SL): Above $7.50 (Key Resistance Level) 🎯 Take Profit Targets 📌 TP1: $7.00 (Support Level) 📌 TP2: $6.42 (Extended Bearish Move) 📊 Risk-Reward Ratio Calculation 📉 Risk (SL Distance): $7.50 - $7.20 = $0.30 risk per share 📈 Reward to TP1: $7.20 - $7.00 = $0.20 (1:0.67 R/R) 📈 Reward to TP2: $7.20 - $6.42 = $0.78 (1:2.6 R/R) ✅ Favorable Risk-Reward Ratio toward TP2 🔍 Technical Analysis & Strategy 📌 Ascending Triangle Failure: The price is losing momentum, failing to break out higher, indicating a bearish shift. 📌 Resistance at $7.50: A key level acting as a rejection zone. 📌 Support at $7.00: A break below this increases bearish pressure. 📌 Volume Confirmation Needed: Look for increasing selling volume below $7.20 for confirmation. 📉 Trade Execution & Risk Management 📊 Volume Confirmation: Ensure strong selling volume below $7.20 before entering. 📉 Trailing Stop Strategy: Move SL to break-even ($7.20) after hitting TP1 ($7.00). 💰 Partial Profit Booking Strategy ✔ Take 50% profits at TP1 ($7.00), let the rest run toward TP2 ($6.42). ✔ Adjust Stop-Loss to Break-even ($7.20) after TP1 is reached. ⚠️ Risks & Considerations ❌ Fake Breakdown Risk: If the price reclaims $7.20, exit early. ❌ Confirmation Required: Wait for a 30-min candle close below $7.20 before entering. 🚀 Final Thoughts ✔ Bearish Setup – Strong downside potential. ✔ Momentum Shift Possible – Watch for selling volume confirmation. ✔ Favorable Risk-Reward Ratio – 1:2.6 toward TP2. 💡 Stick to the plan, manage risk, and trade smart! 🚀📉 🔗 #AG #NYSE #ShortTrade #TradingView #ProfittoPath 💰📊
NShort
by ProfittoPath
Long Thesis on First Majestic Silver Corp. (AG) – Target: $6.50Long Thesis on First Majestic Silver Corp. (AG) – Target: $6.50 Why Long? Silver Market Strength: Expected Fed rate cuts and a weaker USD could drive silver prices higher. Industrial Demand: Growth in green energy (solar, EVs) supports long-term silver demand. Operational Recovery: Improved production efficiency and cost-cutting at key mines enhance profitability. Earnings Catalyst: Potential beat on Q1 results due to higher silver prices and cost optimizations. Conclusion AG is positioned for a rebound with strong macro and operational tailwinds, targeting $6.50 in the near term.
NLong
by rencus30
AG making SILVER the next GOLDTicker: AG Key data: * Market cap: $2.2b * Dividend yield: 0.25% Execution metrics: * Entry: $7.30 * TP: $8.09 * SL: $5.61 Profit paths: * Buy shares at market open * Nov8 $7 call Technical Support: * Money flow: Positive * POI: pivot point * Justification: Closing higher. Failed to break support. Fresh supply to test above Fundamental Support: * Analyst 1Y target: $7.25 * Next earnings: Nov 7 2024 * Justification: strong YoY revenue gains, short term and long term assets > liabilities
NLong
by ChartVZN
1
SILVER SHORT via AG (WORST RUN MINER IN THE GAME) FUNDAMENTAL - Price of Silver aside, AG is an incredibly poorly run miner. From mass share dilution to disastrous acquisitions I can not think of a more poorly run company. The stock price speaks for itself... sitting near the lows of the year despite silver at recent highs. SILVER - Silver has been behaving very weak in relation to Gold. Unless we break out above 31.50-32.50 I see Silver continuing to be range bound at best. There are many reasons for this. Mainly indications from strong correlations that I will not mention (secret sauce). TECHNICALS - The price is at a solid supply level (6.20) and has already began dramatic impulses to the downside at any hint of Silver rolling over. In addition we have divergence on the RSI. DISCLAMER: No Neumeyers were hurt in the making of this post
NShort
by TheSilverOracle
My TOP10 picks list in (Silver & Gold) Mining companies 2/10Now that cryptocurrencies are taking a breather and that GOLD is making new ATH after new ATH, it is time to come back to my list of Minining Company Picks. First Majestic has 2.4 B MarketCap and is a mostly pure silver producing Blue Chip Mining Stock. First Majestic Silver Corp are a silver focused emerging major with four producing mines in Mexico and USA, one mine in development in Mexico and three exploration properties. Currently they produce roughly 22.0Moz. of silver per year. They have approximately 630Moz. of silver in the reserves. The technical set up of this stock looks truly amazing: after breaking down of the rising bullish wedge, has been forming a bullish wedge for 3 years. Recently it broke out of this bullish descending wedge, backtested the brekout and formed a bullish hammer on the 6M (halph year chart) !!! I cannot overstate how bullish this set up looks to me !! First Majestic Silver is one of my biggest Mining Positions in my portfolio. There is no doubt in my mind that this stock will trade into triple digits in the following years !!
NLong
by Dangermousebanana