First Majestic Silver Corp T.AG

Alternate Symbol(s): AG

Metals & Mining Silver

First Majestic Silver Corp. is a mining company. It is focused on silver and gold production in Mexico and the United States. It owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine, and a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, United States. It also owns and operates its own minting facility, First Mint, LLC, and offers a portion of its silver production for sale to the public. The San Dimas Silver/Gold Mine is located over 130 kilometers (km) northwest of the city of Durango, Durango State, Mexico and consists of 71,868 hectares of mining claims located in the states of Durango and Sinaloa, Mexico. The Santa Elena Silver/Gold Mine is located over 150 km northeast of the city of Hermosillo, Sonora, Mexico. The La Encantada Silver Mine is an underground mine located in the northern Mexico State of Coahuila, 708 km northeast of Torreon.

TSX:AG - Post by User

First Majestic Silver Corp

Bullboard Posts

Post by TechMechon Jan 24, 2011 7:41pm

490 Views

Post# 18019967

re: trying to find a base

Ok I'll take a shot at technical analysis. Normally I use technical analysis for daytrading, but I'll take a shot for the trend interpretation.

Since the bullish harami (candlestick pattern) formed Oct 20, the SP has trended up nicely on the daily chart with some volatility or up and down movement. Just today, however, the RSI has moved into oversold territory. Watch for the RSI on daily charts to rise over 30 and the possibility for a STRONG uptrend is there.

Just a shot,
TECHMECH

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