Will Metro Bank bounce off support, or will it go back to 585p?

• 491-585p range; Now 498p (at time of writing)
• Will the pattern repeat itself, rising back to 585p?
• Shares -77% from 2019 highs; +1.2% from 2019 lows
• 8 July – Metro Bank falls as chairman being pressed to resign
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Metro Bank – An Example

Let’s say you like the Metro Bank range, you think it’s heading back down to 691p again. You decide to long exposure to £10,000 worth of Metro Bank using a CFD, at the current price of 497p. To do this, you need £2,000.

Let’s assume Metro Bank falls back to 585p (+15%). Your profit would be £1500, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 2% from the current price. Metro Bank falls 2% and hits your stop-loss. Your loss would be £200.

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