Will Standard Life Aberdeen break resistance, or will it fall back to 240p?

• Sideways narrowing range since November.
• Fallen back from 274p highs 3 times. Now 270p (at time of writing)
• Will the pattern repeat itself, shares testing prior 240p lows?
• Shares -2% from 2019 highs; +23.3% from 2019 lows; +5.3% year-to-date
• 19 Mar: Gets favourable Lloyds arbitration decision
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Standard Life Aberdeen – An Example

Let’s say you like the Standard Life Aberdeen range, you think it’s heading back down to 240p again. You decide to sell exposure to £10,000 worth of Standard Life Aberdeen using a CFD, at the current price of 270p. To do this, you need £2,000.

Let’s assume Standard Life Aberdeen falls back to 240p (-11.1%). Your profit would be £1110, 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 Life Aberdeen rises 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.