Will Persimmon break support, or will it rise again to 2470p (+10%)

• 2170-2300 range; up-channel since January; Now 2200p (at time of writing)
• Will the pattern repeat itself, rising back to 2300p?
• 11th April. Brexit gloom hanging over the property market showed no signs of letting up in march, real estate agents in London / south east are expecting house prices to drop further for another year.
• Shares at -11% from 2019 highs; +4% from 2019 lows; -17% year-to-date.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Persimmon – An Example

Let’s say you like the Persimmon support, you think it’s heading back up to 2470p. You decide to buy exposure to £10,000 worth of Persimmon using a CFD, at the current price of 2470p. To do this, you need £2,000.

Let’s assume Persimmon rises back to 2470p (+10%). Your profit would be £1000, from your initial investment of £2000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Persimmon falls 5% and hits your stop-loss. Your loss would be £500.

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