Will British Land break support, or will it rise again back to 626p range ceiling?

• The British Land range has developed over the last 2 months.
• Shares bounced off a 555p zone 5 times. It is now at 561.4p (at time of writing)
• Will the pattern repeat itself, shares testing previous highs?
• Shares -20.7% from 2018 highs; now trading at 2018 lows; -18.6% year-to-date
• Source: Dow Jones, Bloomberg, FT, Company News, ALphaTerminal

Click to enlarge

Trading British Land – An Example

Let’s say you like the range, you think it’s heading back towards 626p again. You decide to Buy exposure to £10,000 worth of British Land using a CFD, at the current price of 561.4p. To do this, you need £2,000.

Let’s assume British Land rises back to range ceiling around 626p (+11.5%). Your profit would be £1150, 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. British Land 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.