First Majestic Silver Corp.

Beautiful Inverse Head and Shoulder with false breakdown?

149
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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