Will Standard Chartered continue falling, or will it rise again back to recent 612p highs?

• Standard Chartered shares have fallen over 9% since December highs.
• Currently trading 584p (at time of writing).
• Shares -2% from 2019 highs; currently trades 2019 lows; -3.7% year-to-date.
• 2 Jan: Asian bank is reacting to Chinese manufacturing sector falling into contraction.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Standard Chartered – An Example

Let’s say you feel that the stock is a bargain and you think it could bounce back to recent highs of 612p. You decide to buy exposure to £10,000 worth of Standard Chartered using a CFD, at the current price of 584p. To do this, you need £2,000.

Let’s assume Standard Chartered recovers back to 612p (+4.8%). Your profit would be £480, 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. Standard Chartered 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.