First Majestic is about to move higher?

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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.

Penafian

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