RajDhall
Short

ANTO Bullish fundamental and bearish technicals

LSE:ANTO   ANTOFAGASTA PLC ORD 5P
Interestingly this one tears my tech vs fundo brain, copper prices are rising output is high and strikes in Chile are over.

All things considered this should be a long. Taking a clear look at the volume data the highs have been rejected twice with big volume . Not only that the moves down have been followed by volume confirmation.

A move to the main value area is my first target at 850p, If copper prices keep rising there could be a good chance this short position is invalid.

Kind regards

Rajan Dhall MSTA
fxdaily.co.uk
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