Will Hochschild Mining break lower, or will it rise to 180p again?

• Rising range since Nov, 4 bounces; Now 167p (at time of writing).
• Will the pattern repeat itself, testing previous 180p highs?
• Shares -37.7% from 2018 highs; +13.3% from 2018 lows; +7.0% year-to-date
• 17 Jan: Q4 production +2.5% in 2018,  beats Numis’ expectations
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Hochschild – An Example

Let’s say you like the Hochschild range, you think it’s heading back towards 180p again. You decide to buy exposure to £10,000 worth of Hochschild using a CFD, at the current price of 167p. To do this, you need £2,000.

Let’s assume Hochschild rises back to 180p (+7.8%). Your profit would be £780, 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. Hochschild 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.