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.