Will KAZ Minerals turn, or will it continue to fall towards 434p?

• Breakdown below 600p to trade 582p  (at time of writing).
• The ‘trend is your friend’. Will it continue down towards 434p?
• Shares -21.8% from 2019 highs; +18.1% from 2019 lows; +9.7% year-to-date.
• 29 Apr: Q1 was weak according to Peel Hunt
• 25 Apr: KAZ off to slow start in 2019 says UBS
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading KAZ Minerals – An Example

Let’s say the breakdown appeals to you, you think it’s likely to continue to 434p . You decide to sell exposure to £10,000 worth of KAZ using a CFD, at the current price 582p (at time of writing). To do this, you need £2,000.

Let’s assume the KAZ trend continues down towards 434p (-25%). Your profit would be £2500, 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. KAZ breaks higher, rising 5% and it hits your stop-loss. Your loss would be £500.

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