Antofagasta

Ouch. Got this one badly wrong.

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


Daily Price Action:




Weekly Price Action:

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

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!

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

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!

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


dl.dropboxusercontent.com/u/4899609/anto28thaug.png