KAZ Minerals
Is this breakout a good trade for you?
Will KAZ Minerals turn, or will it continue to rise towards 720p (+20%)?
- Shares +19% from recent lows; breakout above 576p; trading within a range
- Now trading 596p (at time of writing).
- The ‘trend is your friend’. Will it continue up towards 720p (+20%)?
- Shares -19.9% from 2019 highs; +21% from 2019 lows; +12.2% year-to-date.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading KAZ Minerals – An Example
Let’s say the breakout appeals to you, you think it’s likely to continue to 720p . You decide to buy exposure to £10,000 worth of KAZ using a CFD, at the current price 596p (at time of writing). To do this, you need £2,000.
Let’s assume the KAZ trend continues up towards 720p (+20%). Your profit would be £2000, 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 lower, falling 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.