FMV trade ideas
AG - First Majestic Silver Corp - Buy the backtestI have a felling you're going to want to buy the back test here, this thing looks great and it has dividends. First target is $40 for an equal legs move.
First Majestic's 100$ targetTesting CRITICAL breakout level. Looking for a convincing monthly close ABOVE 17.34$ to confirm 100$ target.
First Majestic's greedy 42$ targetFirst Majestics (US listed) Point and Figure Chart. Remember, point and figure charts remove time, so time to reach 42$ target is unknown from this analysis.
First Majestics (US listed) Point and Figure ChartStep 1 for First Majestic... 22$-23$ to complete formation.
$ag $silj $sil #silver #gold #fintwit
$AG SHORT SQUEEZE BLUEPRINT SILVER PLAY$AG about to break through multi-year trendline.
Huge short float on this one.
Let's squeeze them BIG TIME.
30+ easy.
Happy chart Nothing but smiles for AG holders coming. But on serious note, this coiling for a biggly breakout.
First majestic breaking out vs SilverFirst Majestic Vs Silver Ratio on monthly chart. Stoch making amove for it!
$AG - time to enter is getting close watching for a pull back under $13.35
will grab commons or calls and ride it to $14.50
goal is 40% gains
AG to test the top of the channelAG at this price point is a very high reward, low risk play. We truly believe this company has the potential to 2x-3x in price in the next 1-2 years. - HH
First Majestic (AG) possibly going to $19 by end of FebruaryWith Silver on the breakout and inflation expectation having been amplified in the new year, AG is looking to break the current resistance at ~$14.30 as the next stop appears to be the 2016 highs of ~$19. There might be mild resistance and pullback along the way at around ~$16, which, Silver price momentum permitting, should be blown through.
Very ExcitingLooks like AG is trying to breakout.
If we can push tomorrow to $15, we will most likely keep going much further from here.
$20 should come as silver continues it’s upward push to $30+.
(Not financial advice, just my opinion)
AG: Bullish Pennant, confirmedBullish Pennant, confirmed
Pros:
Descending volume during formation
Volume increase at break out
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 6
250RSI above 50
200MA ascending
Target:
PT = 15.80$
**UPDATE**My earlier post aged pretty well in my opinion if you held on for the ride. As you can see we have established a bottom broke through the green level creating a new support. We also climbed through the yellow resistance and are re-testing that level. We got stimulus talks ahead, and don't forget dividends expected next quarter!
I see this puppy for certain reaching red resistance but if we break through that I added a trend line that you see labeled MAJOR Resistance dating back to 18' 19'.
AG: BE PREPARED FOR A LONG LONG LONG SET UPHere is First Majestic monthly chart with all levels to watch.
Given Silver strong performance and seasonability we should be looking for a break of the long term trend line.
I expect much higher price in the next few weeks.
Trade safe!
