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Economic Cycles

$AG setting up for a rip your face off rally #tothemoonFirst Majestic is a hated stock as of now, it also has the largest short position in the entire silver miners listed in NYSE. Bad sentiments and frustrated investors is a great combination to identify when a sector bottoms. Looking at the price action as of now, especially from $4.5 to $7.8 it looks like a strong bullish reversal. Also this is a institution move, smart money is buying silently. Also with silver heading to new highs, which means that silver miners are turning healthy. Many silver miners are making decent margins already around 15-20% OPM, the higher silver prices go the more Free Cash Flow will be generated which will directly impact bottom line. And, the valuations are dirt cheap. Reasons why like like First Majestic : - Acquired Gatos Silver recently, by this deal the net AISC improves, i feel it should be around $20-18. Before acquisition NYSE:AG AISC was $25, Gatos Silver being a low cost producer should now cumulatively bring the AISC down. - They also announced a share repurchase program which is a positive. - They are the only silver miner with a Mint capacity, First Mint Store. Unlike other mints, which are either government-owned or privately held. Good addition to capture the entire value chain. Well at current valuation and where the silver price is at its hard for me to see the downside. So i may be biased. I will only exit this scrip if i see Silver go below $23. That is my exit criteria. Disclaimer : This analysis is purely for education. As i am invested in this scrip I may be biased. Don't take this as an investment advice. Please consult your financial advisor before any speculative investments.
NYSE:AGLong
by nishant_bhatt
India Inc Quarterly Earnings and Nifty Corelation We all know that our beloved NSE:NIFTY has shy of 1500 points in short time, falling from a cliff. Naturally people are eager to guess if the holy grail Bottom is there, or it will test the 4th of June Election Result Day low at least. Being a price action student, it's always good to look at the history and try to take a leaf out from it. Specifically, when I can recall what happened one year back in October 2023 where there were substantial FII selloffs before Q2 results (of FY 23-24). Of course there is a slight difference in the situation. Last year the moonsoon was not that good, this year above normal. So I took all the last 4 quarterly result and see what happened around these times in Daily timeframe. As it's evident: In 26/10/23 (Q2 results midway) there were a dip to 18850 level when RSI was at oversold region. Within next two months, the Nifty gave ~15% return. Again during 24th Jan'24 (Q3 results midway) there is a dip and then Nifty quickly recovered. Again during 19/04/24 (Q4/annual results midway), there is a dip and then again smart recovery. The things become even more interesting if we check the RSI beyond this point (last 6 months). Here are the obervations: 19th April'24, 9th May'24, 4th June'24, 5th Aug'24 - the RSI was at 40 level. Price were more or less around same/similar level. (Except Aug when Nifty was at 24000). Now the Nifty RSI was at 36. But the price is at 24800. It's indices Hidden Bullish Divergence My Expectation: There can be a little more dip (lets say another 150-250 points, at max 24550). Then Nifty starts recovering smartly and will try to reclaim the 25500 Resistance level. We shall see what will happen next. So essentially end of this week onwards expecting a 800/1000 points recovery, IMO. Seems too optimistic? May be .. lets see. Just sharing my personal views. End the day: Market is Supreme and Price Action is the King.
NSE:NIFTYLong
by pradipandsuvra
Tour d'horizon paires Forex: GBPJPY/GBPCAD/EURCAD/USDCAD/USDCHFBonjour à toutes et à tous, Petit tour d'horizon des paires forex citées dans le titre. Horizon: swing moyen terme. Le but de cette vidéo est de partager ma vision sur ces paires forex et d'obtenir vos retours constructifs. Je ne fais pas la météo de la veille en disant: "il aurait fallu...". Merci par avance de vos retours constructifs. Que diriez vous d'échanger en live sur un créneau en fin de journée? NB: Il ne s'agit en aucun cas de conseils en investissements. Merci pour vos retours et votre soutien Laurent
by Lvi_Trading