ANEKA TAMBANG
Long
Updated

ANTM Elliott Wave Count

89
Q4 2024 is set to be very shiny for ANTM. Gold sales for Q4 only equals to 15 tons, meanwhile the first 9 months of 2024 amounts to only 28 tons. Additionally, nickel sales also jumped in the fourth quarter.

Chart-wise, ANTM just finished its fourth wave yesterday, quite a steep drop. Volume during was really good from the first until the third wave, and it dried up on this current fourth wave.

The target for ANTM is about 1750-1765.
Trade active
I believe the count has changed. The swing high in February looks like the first wave of the C wave. The correction until 11 March marks the second wave. The third wave will likely be extended.

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