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ANTOFAGASTA PLC LS-,05AA

ANTOFAGASTA PLC LS-,05

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CHILEAN COPPER MINER - ANTOFAGASTA - SETS UP FOR BUY This massive Copper-Miner, Antofagasta presented in a scan and I could see the huge demand side from a couple of years ago and upwards sloping chart from left to right. Then all of a sudden 'bam' and the healthy demand side turns to supply and selling. But in the past month or 2, buying has reemerged inside of a triangle-pattern-daily-chart and it I am getting buy signals on MACD, the Squeeze indicator is also talking back at me, I will watch this over the coming sessions to make an entry. Watch this space.
EIGHTCAP:ANTOLong
by Easy_Explosive_Trading
ANTO - 33 months HEAD & SHOULDERS══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
LLong
by TheArtOfCharting
Bullish Antofagasta - ANTOI published an idea on this stock back at the end of December 2017 and although I now think that count is wrong (surprise, surprise) it still worked out well. This is a revised count for that stock which shows a preferred count (blue) and alternative count( red) which are both bullish. It is perhaps too early to really tell if it has any value or not, except that it has reversed strongly in the last few weeks and moved up strongly on good volume. As ever, I will be watching for 5 waves up and 3 waves down.....(Seeing a lot of similar charts on other mining stocks).
LLong
by tomj2417
ANTO Bullish fundamental and bearish technicalsInterestingly this one tears my tech vs fundo brain, copper prices are rising output is high and strikes in Chile are over. All things considered this should be a long. Taking a clear look at the volume data the highs have been rejected twice with big volume. Not only that the moves down have been followed by volume confirmation. A move to the main value area is my first target at 850p, If copper prices keep rising there could be a good chance this short position is invalid.
LShort
by RajDhall
Is Antofagasta going for its new high?This copper mining company has been in a bullish long-term uptrend since last year until it topped in February 2017 and started to go rather downwards. This medium-term downtrend was broken now keeping a track of short-term uptrend again. Money flow measuring volume has entered buying territory and MACD entered positive half where MA line is nicely diverging from a signal line. Copper price finally bounced from its bottom last December and has been trading around 2.6 usd/lb, which is already a reasonable price for mining companies to record profits on sales. I would consider this set-up as a good buying opportunity with stop-loss at 825 - in case it's still forming its base reversing back to 750 level at its big support level.
LLong
by Turpan