FIrst Majestic Silver on important support

First Majestic Silver has reached the line linking the lows since 2008 giving a support in the $4.20 area.

We believe the stock is due for a rebound towards at least $6.15, possibly as high as $9.80, as long as the $4.20 area is holding.

A break below $4.20 would open $2.40, potentially even $0.67 which is the all time low.