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Home / Support and Resistance / Antofagasta (ANTO.L) 08-01-20

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

Antofagasta (ANTO.L) 08-01-20

Will Antofagasta (ANTO.L) shares break out, or will it fall back again to the 783p support? (-15%)?

 

  • Currently trading around the 930p resistance at 930.6p (at time of writing).
  • The resistance has been reliable. Will the price action repeat?
  • Short sellers might be interested in this key level. Will we see a return to support at 783p? (-15%).
  • Be aware of news and developments. Check our website and other news channels for updates.
  • Shares -9% from 12-month highs; +19% from 12 month lows.

Latest News

19 Dec:  HSBC has downgraded its rating on Antofagasta (ANTO) to reduce (from hold) and increased the target price to 835p  (from 820p).

17 Dec:  JP Morgan Cazenove reiterates its underweight rating on Antofagasta (ANTO) and increased the target price to 780p (from 730p).

11 Dec:  Barclays Capital reiterates its underweight rating on Antofagasta (ANTO) and reduced the target price to 700p (from 750p).

11 Dec:  Jefferies International has downgraded its rating on Antofagasta (ANTO) to hold (from buy) and reduced the target price to 950p  (from 1050p).

06 Nov:  JP Morgan Cazenove reiterates its underweight rating on Antofagasta (ANTO) and reduced the target price to 730p (from 750p).

05 Nov:  Goldman Sachs reiterates its neutral rating on Antofagasta (ANTO) and reduced the target price to 910p (from 925p).

05 Nov:  HSBC reiterates its hold rating on Antofagasta (ANTO) and reduced the target price to 820p (from 830p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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