flippedman

First Majestic - Long channel

Long
flippedman Aggiornato   
NYSE:AG   First Majestic Silver Corp.
Current uncertainty regarding economic strength (recession fears) and central bank action - the precious metal sector should benefit.

First Majestic has been channeling for quite a while though it's poked its head through psychological 6.00 level recently. The hope in the next few months is to break out of the identified channel where it could meet resistance at the 6.40 and then perhaps 8.00 level.

Commento:
AG broke past the 6.42 trendline, hit the upper channel boundary and came back down. I expect it to rise above the upper boundary in the next few months considering trade tensions which is an environment that gold usually does well in.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.