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Home / Breakouts / Antofagasta

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Antofagasta

Is this breakout a good trade for you?

Will Antofagasta turn, or will it continue up towards 1020p (+10%)?

  • Breakout above 912p to trade 922p (at time of writing).
  • The ‘trend is your friend’. Will it continue towards 1022p (+10%)?
  • Shares -10.1% from 2019 highs; +26.7% from 2019 lows; +17.7% year-to-date.
  • 10 Jun: Base-metal Miners hit by easing of trade worries
  • Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Antofagasta – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue to 1022p . You decide to buy exposure to £10,000 worth of Antofagasta using a CFD, at the current price of 922(at time of writing). To do this, you need £2,000.

Let’s assume the Antofagasta trend continues up towards 1022p (+10%). Your profit would be £1000, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Antofagasta breaks lower, falling 3% and it hits your stop-loss. Your loss would be £300.

This is provided for information purposes only. It should not be taken as a recommendation.

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
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