Will Dignity break support, or will it rise back to 690p range ceiling?

• 638-690p rising range since June, bounced off the bottom of the range.
• Now trades 639p (at time of writing)
• Will the pattern repeat itself, testing 690p range ceiling?
• Shares -16.5% from 2019 highs; +4.5% from 2019 lows
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Dignity – An Example

Let’s say you like the range, you think it’s heading back towards 690p again. You decide to buy exposure to £10,000 worth of Dignity using a CFD, at the current price of 639p. To do this, you need £2,000.

Let’s assume Dignity rises to 690p range ceiling (+7.4%). Your profit would be £740, 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. Dignity 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.