Will KAZ Minerals turn, or will it continue to rise towards 853p?

• Breakout above Sept-Dec resistance trendline at 620p.
• Now trading at 674p (at time of writing).
• The ‘trend is your friend’. Will it continue towards 853p?
• Shares -2.7% from 2019 highs; +35.8% from 2019 lows; +26.8% year-to-date
• 26 Feb: Mining shares benefiting Pres. Trump extending US-China trade talks
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading KAZ Minerals – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue towards 853p. You decide to buy exposure to £10,000 worth of KAZ Minerals using a CFD, at the current price of 674p. To do this, you need £2,000.

Let’s assume the KAZ Minerals trend continues to 853p (+26.5%). Your profit would be £2650, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 7% from the current price. KAZ Minerals breaks lower, falling 7% and it hits your stop-loss. Your loss would be £700.

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