First Majestic Silver Corp Swing Long Setup

A nice swing long setup has occurred in First Majestic Silver Corp. I bought this stock this morning in my personal trading account.

First Majestic Silver Corp Chart

This is a very risky trade because we are trying to time a V bottom bounce which is a very dangerous strategy but one that is necessary for swing trading.

Looking at the hourly chart below, you can better see what the goal of the trade in First Majestic Silver Corp is:

Notice the positive divergence on the Effective Volume for large players. The Twiggs Money Flow is rounding up in the hourly time frame.

The real danger in being in mining stocks for too long is if the US dollar rises. A rising US dollar puts a headwind against precious metals and mining companies. For this reason I think you have to keep this a short-term swing trade.

GO HERE TO CHART LARGE PLAYERS AND THE TWIGGS MONEY FLOW LIKE THE CHART ABOVE… AWESOME TOOL

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Lance Jepsen

For ethical purposes, I try not to hold any position in any stock I profile on GuerillaStockTrading.com unless specifically stated in the article. Owner of GuerillaStockTrading.com. Seasoned entrepreneur, investor, and writer. I love God, family, country, stock trading, economics, and helping people learn how to trade.
Follow me

Author: Lance Jepsen

For ethical purposes, I try not to hold any position in any stock I profile on GuerillaStockTrading.com unless specifically stated in the article. Owner of GuerillaStockTrading.com. Seasoned entrepreneur, investor, and writer. I love God, family, country, stock trading, economics, and helping people learn how to trade.