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TOPIC: Antofagasta

Antofagasta 12 Mar 2014 10:36 #1

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perfect trade. :cheer:
bounced on first attempt of gap trade. from this weeks share tips


dl.dropboxusercontent.com/u/4899609/anto12march2014.png
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Antofagasta 12 Feb 2014 13:58 #2

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That's brilliant! Thanks Remo :D
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Antofagasta 12 Feb 2014 10:20 #3

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The target works out almost exactly at the gap from 15th March 2013 at 1077...in theory of course!
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Antofagasta 12 Feb 2014 10:14 #4

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Hi anne
No problem ,thats what chartsview is for..learning
Its the lowest point you take outside of the cup as such.....Was getting confused for a minute..lol
Its always the lowest point.
hope that makes sense
annes goal wrote:
Thanks Remo - I think I worded my question badly and I'm probably barking up the wrong tree altogether!! But if you can bear with me while I get my head around this, I'd appreciate it!

...in a rounded bottom formation the target is estimated by using the measurement from the bottom of the 'cup' to the line across the top - right? My question is - where's the bottom? is it measured from the lowest point achieved outside the cup (in ANTO's case would be 733 on 3rd December) or the lowest point achieved on the inside of the cup (in ANTO's case would be 752.5 on 13th December)?? Am I making any sense (or just creating a lot of unnecessary hard work - quite likely!!)??

Anyway - whatever, I'm quite prepared for my question to be wrong!!!!

Thanks Remo
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Antofagasta 11 Feb 2014 21:35 #5

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Thanks Remo - I think I worded my question badly and I'm probably barking up the wrong tree altogether!! But if you can bear with me while I get my head around this, I'd appreciate it!

...in a rounded bottom formation the target is estimated by using the measurement from the bottom of the 'cup' to the line across the top - right? My question is - where's the bottom? is it measured from the lowest point achieved outside the cup (in ANTO's case would be 733 on 3rd December) or the lowest point achieved on the inside of the cup (in ANTO's case would be 752.5 on 13th December)?? Am I making any sense (or just creating a lot of unnecessary hard work - quite likely!!)??

Anyway - whatever, I'm quite prepared for my question to be wrong!!!!

Thanks Remo
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Antofagasta 11 Feb 2014 19:51 #6

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This is not a cup and handle formation yet anne ;) ( This still can form latter) :P
To measure a rounded bottom target ,
you measure from the top(of the cup) to the bottom
then you project it from the breakout point
Heres a link to my post on the learning section
chartsview.co.uk/learning/Rounded-Bottom.html



annes goal wrote:
Just one question - when measuring to estimate a target - do you measure from the top or the bottom of the candle which is at the lowest position in the 'cup'?? (hope that makes sense)

Thanks
Anne
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Antofagasta 11 Feb 2014 17:50 #7

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If this was to fall away and the cup formed a handle, then 50% retrace would give a nice gap fill @ 820/825!

As Remo says, one to keep an eye on

CT79
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Antofagasta 11 Feb 2014 17:01 #8

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Just one question - when measuring to estimate a target - do you measure from the top or the bottom of the candle which is at the lowest position in the 'cup'?? (hope that makes sense)

Thanks
Anne
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Antofagasta 11 Feb 2014 16:55 #9

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Cheers for that Remo!

I've got a close eye on this, and pleased with my progress (from a personal point of view)...

Look at the close today (910), and check out my post from 29-Jan! :woohoo:

This time next year Rodders!!! :evil:
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Antofagasta 11 Feb 2014 16:51 #10

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thanks Remo - and your explanation of a 'rounded bottom' is sooooo clear - even I understood it! :D
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Antofagasta 11 Feb 2014 15:52 #11

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Possible rounded bottom formation??
keep an eye out for a breakout soon..
so one to add to your watch list


dl.dropboxusercontent.com/u/4899609/anto11thfeb2014.png
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Antofagasta 29 Jan 2014 16:51 #12

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Phew! What a lovely reprieve from Mr Market then! :woohoo:

This could - barring any further Fed mishap - head towards 910 perhaps before being tested again.


DAILY:



WEEKLY:




Feedback welcome, and Good luck folks.
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Antofagasta 03 Dec 2013 11:04 #13

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Ouch. Got this one badly wrong. :ohmy:

(maybe more woes to come, as it looks like it is in "hated" territory right now!)


Daily Price Action:




Weekly Price Action:

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Antofagasta 28 Nov 2013 20:08 #14

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for the 123 low ,the price has to go down a bit but not lower than the low. Then move back up. So has not formed yet. ;)
Thanks for the heads up
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Antofagasta 28 Nov 2013 19:51 #15

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I'm a bit optimistic here but, ANTO's looking good no?


1. A morning star pattern (that's a hammer in the middle right?) - following a solid down-trend? :)

2. Whether there's a 1-2-3 set up, I'll leave to the maestro here ;)




I've included a second chart to show supporting indicators...

1. RSI bouncing off strongly.

2. MACD responding, though probably not entirely convincing.

3. DMvI still has a way to go, but DX+ has turned strongly, DX- has turned down, though not crossed yet! and the ADX trend is elevated...





I'll be taking a position on this basis. but, as usual, please DYOR, and comments would be welcome!
Last Edit: 28 Nov 2013 19:53 by Libero.
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Antofagasta 15 Oct 2013 08:40 #16

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This has gapped up today and broken out of the down trend-line.


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All share trading carries risk,
Ronnie
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Last Edit: 15 Oct 2013 08:40 by ronnie.
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ANTO - Antofagasta Plc - 123 bullish setup in play 28 Aug 2013 15:26 #17

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Was getting a little worried about this one...

Having hit 985 barely a couple of weeks ago, it is now testing support gap (which let's face it, is rather narrow!)

Disclosure: CfDs have been settled, but shares are still kept. I'm tempted to open a long CfD but probably missed 852 which came and went!
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ANTO - Antofagasta Plc - 123 bullish setup in play 28 Aug 2013 14:24 #18

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Antofagasta is approaching gap support.
worth a long at 850 with tight stops or 854(window)


dl.dropboxusercontent.com/u/4899609/anto28thaug.png
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ANTO - Antofagasta Plc - 123 bullish setup in play 09 Aug 2013 15:44 #19

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remo wrote:
Libero wrote:
remo wrote:
test
what pattern could you see on ANTO??????
You will have to look carefully :P as the pattern has developed over the short term(last month)

Well, the 1-2-3 low seems to be in play; but is that a "cup" being formed?

spot on mate...
cup and handle
or
rounded bottom ;) ;)


Target hit!

But it looks like it wants to go higher this one:

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ANTO - Antofagasta Plc - 123 bullish setup in play 24 Jul 2013 15:50 #20

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Likewise FRES, but not KAZ as large w/o coming.

uk.finance.yahoo.com/echarts
s=ANTO.L#symbol=anto.l;range=6m;compare=kaz.l+fres.l;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Last Edit: 24 Jul 2013 15:52 by Wreckless Eric. Reason: link
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ANTO - Antofagasta Plc - 123 bullish setup in play 24 Jul 2013 13:36 #21

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Libero wrote:
remo wrote:
test
what pattern could you see on ANTO??????
You will have to look carefully :P as the pattern has developed over the short term(last month)

Well, the 1-2-3 low seems to be in play; but is that a "cup" being formed?

spot on mate...
cup and handle
or
rounded bottom ;) ;)
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ANTO - Antofagasta Plc - 123 bullish setup in play 24 Jul 2013 11:28 #22

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remo wrote:
test
what pattern could you see on ANTO??????
You will have to look carefully :P as the pattern has developed over the short term(last month)

Well, the 1-2-3 low seems to be in play; but is that a "cup" being formed?
Last Edit: 24 Jul 2013 11:28 by Libero.
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ANTO - Antofagasta Plc - 123 bullish setup in play 24 Jul 2013 10:16 #23

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test
what pattern could you see on ANTO??????
You will have to look carefully :P as the pattern has developed over the short term(last month)
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ANTO - Antofagasta Plc - 123 bullish setup in play 24 Jul 2013 09:16 #24

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good spot libero
Ive gone long on this as well now...
this is currently above the down trend line so possible trend change and also the 123 low set up. Since they both appeared at similar levels it adds to the trend change possibility.
My stop is below the 2 point so risk of 60 pips.

first target is 923


dl.dropboxusercontent.com/u/4899609/anto24thjuly.png
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ANTO - Antofagasta Plc - 123 bullish setup in play 23 Jul 2013 13:50 #25

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Looks like this is finding its bottom... The Previous support, which turned resistance at at around 859p is currently breached, but it is early days!




Cautious long on 17/07 at 835.5, but will look to add.

Good luck all.

(addicted to miners!) :P
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ANTO - Antofagasta Plc - 123 bullish setup in play 18 Jun 2013 23:23 #26

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Looking at this again...

It appears to be bottoming out (never certain in this economic climate with so many Central Banks pulling the strings!).

Happy to add and hold on support:

Daily:




Weekly:




Goodluck all, and "DYOR" ;)

p.s. Need to diversify away from the miners! :P
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ANTO - Antofagasta Plc - 123 bullish setup in play 11 Jun 2013 22:56 #27

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Libero,

I really hope I'm wrong.....
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ANTO - Antofagasta Plc - 123 bullish setup in play 11 Jun 2013 16:35 #28

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Cheers Diver.

Looks like a frightening prospect if it drops to the 650 area - well unless you short it that is ;)

This is one of the equities that hold the actual shares in, rather than a derivative interest - so whilst content with holding them for the long term and divis, I may well consider a short hedge if it breaks through support (and if Copper continues to slide - down 1.5% so far).

Money management eh, who needs it! :dry:
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ANTO - Antofagasta Plc - 123 bullish setup in play 11 Jun 2013 14:07 #29

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I would advise caution here....650 a distinct possibility; and possibly sub-600.
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ANTO - Antofagasta Plc - 123 bullish setup in play 11 Jun 2013 13:41 #30

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This is looking like it is going to hit its support at the 860 mark...

Notice the RSI & Stochastics on the daily:




The weekly view's support is ok-ish also, and the RSI looking to hit oversold should it play out to 860 over the next couple of sessions:





As ever, always looking for input from CV patrons! B)
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ANTO - Antofagasta Plc - 123 bullish setup in play 03 May 2013 16:24 #31

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IMHO 123 setup in play.

dl.dropboxusercontent.com/u/4385922/Anto_0305.png

First time with HL for a long time.....change in trend overdue for the miners?
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ANTO - Antofagasta Plc 21 Apr 2013 18:25 #32

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ANTOdaily19_04_13.gif


dl.dropboxusercontent.com/u/20815047/ANTOdaily19_04_13.gif

Lovely hammer at 864 support on a double bullish RSI divergence. Possible long with a stop below 859p. That 864p support is important though, so a close below that should be a nice short too.
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Antofagasta 10 Apr 2013 22:05 #33

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If this breaks 1225, and ultimately 1392, then it will head north and the count is no longer valid.

My target for a retrace is 1170 - 1220, then to continue on down to 864 - 772. I would repeat, this is a long term view and I would expect it to be sometime near the end of the year before it comes to fruition.
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Antofagasta 10 Apr 2013 13:53 #34

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Diver - thanks for your reply.

This is my take on Anto. I have got a wishful Inverse H&S forming if what we have seen recently is the low point.
From your counts - can you confirm at which point you can turn around and say the count is no longer valid?

My chart:
dl.dropbox.com/u/4385922/Anto1004.png
Lower trend line approaching.
I see 1168 as strong resistance - so I will be selling there.


Thanks in advance
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Antofagasta 09 Apr 2013 17:33 #35

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Hope this helps. It's the long view to way back in time ;) If this is a C wave then it will make at least 61.8 of A, but there is good support around the 76.4 which is also 61.8% retrace of the initial big move up to A, so the 770 mark gets my vote for support.
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Antofagasta 09 Apr 2013 17:07 #36

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Please could someone kindly put up a chart with the significant areas to watch out for?

Many thanks

(p.s - some issues with my charting app)
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