PT ANTAM (Persero) Tbk
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ANTM Elliott Wave Count

157
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.
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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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