Will NMC Health turn, or will it continue to fall towards 2063p?

• Breakdown below 2433p to trade 2214p  (at time of writing).
• The ‘trend is your friend’. Will it continue down towards 2063p?
• Shares -26.6% from 2019 highs; at 2019 lows; -19% year-to-date.
• 7 Mar: Higher financial costs weigh on FY results
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading NMC Health – An Example

Let’s say the breakdown appeals to you, you think it’s likely to continue to 2063p . You decide to sell exposure to £10,000 worth of NMC Health  using a CFD, at the current price 2214p (at time of writing). To do this, you need £2,000.

Let’s assume the NMC Health trend continues down towards 2063p (-6.8%). Your profit would be £680, 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. NMC Health breaks higher, rising 3% and it hits your stop-loss. Your loss would be £300.

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