ABY display Elliot Waves pattern started on 1st July at 62.5c. This first wave completed on 3rd August at $1.03. Ten it retraced to the 25th August and ended at 87.5c. Wave 3 commenced and we are currently right in the middle of it. If the pattern continues on from here it is estimated to reach $1.50 before the end of the month or a bit longer if the SP goes higher up. Lets hope this pattern continues.
We may have a chance this may play out as expected in view of the forcast shortage of copper supply, due to increased in demand in China and elsewhere in Asia. Chile is also considering closing some of its mines in view of trapped miners recently. Meanwhile LME stockpiles for copper is running low.
DYOR about the accuracy of the information, also IMHO and could be biased.
ABY Price at posting:
$1.15 Sentiment: ST Buy Disclosure: Held
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