luigjic

Beautiful Inverse Head and Shoulder with false breakdown?

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NYSE:AG   First Majestic Silver Corp.
Check out this Inverse head and shoulders pattern setting up. Risky play but looks to be setting up for a big continuation on the upside for the rest of 2021. The breaking of the support line adds concern for this set up although could be a false break down only to shake off weak hands. Full disclosure I am trading AG options and also have a large amount of shares as a long term play.

Bearish Scenario: If this breaks below $15 it might have some more to go. Mexico banned mining due to covid until April 30
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