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Antofagasta – Eyes H&S neckline

LSE:ANTO   ANTOFAGASTA PLC ORD 5P
Retreat from the previous day’s high of 503.00 t o today’s low of 492.00 suggests the rebound from the low of 473 (Sep 12 low) has run out of steam and the prices could test head and shoulder neckline level of 474.

Moreover, we have had an inverse head and shoulder breakout failure…and that adds credence to the bearish view.

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