Interestingly 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...
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...
Higher metals prices and lower cash costs helped push full year earnings before interest, tax, depreciation and amortisation at Antofagasta up 78.7% to $1.6bn. It remains to be seen if the numbers are good enough to push the share price above 810 levels. That would mark a bullish break from the falling channel formation.
there is a reaction to trend line and passing out of it ... the last candle is a very nice candle for entry to buy position ... buy
Retreat from the previous day’s high of 503.00 t o today’s low of 492.00 suggests the rebound from the low of 473 (Sep 12 low) has run out of steam and the prices could test head and shoulder neckline level of 474. Moreover, we have had an inverse head and shoulder breakout failure…and that adds credence to the bearish view.
Description of Chart : Just noticed this is trading in a range. If you wanted to get long you could attempt to do so here. If you are bearish then you can wait for a breakout below the range. Website : www.lukelehepuu.com Take a look at my website, you can become a member or sign-up to my weekly newsletter. *** To get my ideas immediately you can follow me ***
Hi Everyone, we discussed this stock in our us energy stock screencast and identified that this was a short setup to keep an eye on. There aren't any tradable opportunities immediately but we will be watching for a bounce off either the top or break through the bottom. After that we will be looking at lower timeframes for a retest and rejection.
Ticker : ANTOL Direction : SHORT Entry Price : 525.40 Current Price : 428.50 Description of Chart : So we are currently up by 18.66% on this trade. A fantastic move down has been capitalised on and I think there is room to move down further still. Target is still around 328 area and will monitor very closely. If you want to you can move stops to break...
TARGET 379 The Major trend of ANTOFAGASTA PLC is showing strength for buying If it crosses the resistance level then one can initiate buying position in the stock. If it cross the level of 369 then it can test level for the target of 379 with the stop loss of 359 CHART FORMATION:- Stock is trading in a range and trading near the trend line. Breaking the...
NO END IN SIGHT FOR COMMODITIES WEAKNESS, THE BEAR TREND CONTINUES.