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

• Shares +20% with a breakout above 91p; Now trading 98p (at the time of writing).
• Will the positive momentum continue towards 136p?
• Shares -28% from 2019 highs; +24.4% from 2019 lows; -9.5% year-to-date.
• Safehavens like Gold and their Miners in favour as risk appetite sours
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Centamin – An Example

Let’s say the trend appeals to you, you think it’s likely to continue. 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 Centamin trend continues to 136p highs (+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 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.