Will Centamin turn, or will it continue to rise towards 136p?

• Breakout above 91p to trade 98p (at time of writing).
• The ‘trend is your friend’. Will it continue to 136p highs?
• Shares -28.5% from 2019 highs; +23.6% from 2019 lows; -10.1% year-to-date
• Safehavens like Gold and their Miners in favour as risk appetite sours
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Centamin– An Example

Let’s say the breakout appeals to you, you think it’s likely to continue towards 136p. You decide to buy exposure to £10,000 worth of Centamin using a CFD, at the current price of 98p. To do this, you need £2,000.

Let’s assume the Centamin trend continues to 136p (+38%). Your profit would be £3800, 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. Centamin 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.