Will Carnival break support or will it rise back to 4000p (+11%)?

• 3476-4000p falling range; Now 3601p (at time of writing)
• Will the pattern repeat itself, the shares rising back to 4000p (+11%) ?
• Shares -19.3% from 2019 highs; +2.6% from 2019 lows; -4.2% year-to-date
• 20 Jun: Shares drop on profits warning
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Carnival – An Example

Let’s say you like the range, you think it’s heading back towards 4000p again. You decide to buy exposure to £10,000 worth of Carnival using a CFD, at the current price of 3601p. To do this, you need £2,000.

Let’s assume Carnival recovers to 4000p (+11%). Your profit would be £1100, 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. Carnival 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.