Is this trend a good trading opportunity?

Will Evraz turn, or will it continue to rise beyond 585p?

• The chart shows Evraz’s last 4 months of price action.
• Shares in a 3 week uptrend from September’s 463p lows.
• Shares are now at 585p.
• Shares broken above June highs of 571p.
• Shares at record highs; +75% from 2018 lows; +72% year-to-date
• In the last 3 weeks, the shares have risen over 26%. Will this momentum continue?

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Trading Evraz – An Example

Let’s say the trend appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Evraz  using a CFD, at the current price of 585p. To do this, you need £2,000.

Let’s assume Evraz trend continues to 650p. Your profit would be £1111, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Evraz falls 5% and hits your stop-loss. Your loss would be £500.

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