Antofagasta

Forgot to add - this is moving according to Diver's chart. I think there will be one more leg down before there is any buying opportunity.

Watching closely. This goes X-div on 8 May - 90p div (incl special div)....

will be nice to buy when Anto and the miners are back in favour

I think overall this could drop to 755ish mark where there is fib and historical support. I would definitely look to 890 to 755 as the target zone but there are many possibilities.

This is getting very much higher on my buy list.

I am just waiting for copper to recover and get into Anto.

A change in trend now will also give this a MACD bullish divergence....so I am waiting for signs of buying.

Any comments?

croax wrote: I'm thinking to close my long here and go short now. Is that correct?

hi croax
there are near by supports at 1064 and 1050 and 1039 that could make this bounce so taking a short could be risky due to this. If those supports are breached then yes. It also depends on your time frames as well. Im actually currently long on this with my stops below 1050 so take what i say with a pinch of salt

I'm thinking to close my long here and go short now. Is that correct?