A trading opportunity for you?

Will Antofagasta continue falling, or will it rise again back to 883p highs?

• Antofagasta shares have fallen 5.3% from yesterday’s 883p highs to trade 836p (at time of writing)
• Shares -25.3% from 2018 highs; +20.6% from 2018 lows; -16.8% year to date
• 5 Oct: Goldman Sachs downgraded Antofagasta shares overnight
• Source: Dow Jones, Bloomberg, Company News

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Trading Antofagasta – An Example

Let’s say you feel that the stock is a bargain and you think it could bounce back to recent highs of 883p. You decide to buy exposure to £10,000 worth of Antofagasta  using a CFD, at the current price of 836p. To do this, you need £2,000.

Let’s assume Antofagasta recovers back to 883p (+5.6%). Your profit would be £560, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Antofagasta falls 3% and hits your stop-loss. Your loss would be £300.

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