Loading ...First Majestic Silver
There is a great deal of bullish sentiment about for the PMs.
Notice that we have dulling patterns on the daily chart of this Silver miner.
FR.TO – Daily
Here is the weekly chart. I ask myself – Would I, should I buy this stock today?
FR.TO – Weekly
I want to be bullish, but am having a spot of trouble pulling the trigger just yet.
No doubt it’s been relatively weak, and the weekly chart still gives me a little bit of pause as does the AG:SIL ratio chart.
I believe it has earnings tomorrow.
I do own quite a bit of AG, and am not selling. That being said, it could be a year or more before it gets in gear relative to SIL. That’s my pessimistic take on it at least. It will have to do something spectacular for me to revise my opinion. Until that happens, I expect it to underperform SIL out to at least March 2021.
Thats a great chart Foxy
Breakout and backtest or H and S Top