Will KAZ Minerals turn, or will it continue to rise to July highs of 853p?

• Breakout above resistance at 632p to trade 660p  (at time of writing).
• The ‘trend is your friend’. Will it continue towards 853p?
• Shares -42.6% from 2018 highs; +50.1% from 2018 lows; +23.8% year-to-date.
• 31 Jan: Miners higher on hopes of more China stimulus and lower supply
• 24 Jan: Miner’s Q4 copper production +19%, top end of guidance.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading KAZ Minerals– An Example

Let’s say the breakout appeals to you, you think it’s likely to continue to 853p. You decide to buy exposure to £10,000 worth of KAZ Mineralsusing a CFD, at the current price 660p (at time of writing). To do this, you need £2,000.

Let’s assume the KAZ Minerals trend continues upwards to 853p (+29.2%). Your profit would be £2920, 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. KAZ Minerals breaks lower, falling 5% and it hits your stop-loss. Your loss would be £500.

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