Will Synthomer break support, or will it rise again back to 400p?

• 357-400p rising channel since December
• Now 372p (at time of writing)
• Will the pattern repeat itself, rising back to 400p highs?
• Shares -7.5% from 2019 highs; +7.3% from 2019 lows; +4.3% year-to-date
• 4 Mar: 2018 pretax profit +39% on Asian land disposals
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Synthomer – An Example

Let’s say you like the range, you think it’s heading back towards 400p again. You decide to buy exposure to £10,000 worth of Synthomer using a CFD, at the current price of 372p. To do this, you need £2,000.

Let’s assume Synthomer recovers back to 400p highs (+7.5%). Your profit would be £750, 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. Synthomer 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.