I 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...
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.
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.