AG bulls and bears fighting a key price

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First Majestic Silver Corp. (NYSE:AG)

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NYSE:AG First Majestic Silver Corp.

trendanalysis chartpattern waveanalysis firstmajestic firstmajesticsilver ag fm silver

First Majestic (AG) is at a very key point right now. AG is leading the junior silver miners and is giving the sector a glimpse of light for the incoming silver bull run. If AG closes above $14.53, there is a good chance the stock will quickly rise to $17. If we close under $14.53, AG would make a "double-top" and has more chances of falling to $14, and if that breaks as well, then $12.30 is the next large support. AG has a massive short volume so if these shorts are forced to close their positions, the stock will fly. - HH

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