Will Standard Chartered turn, or will it continue to rise towards 772p? (+8.5%)

• Breakout above 697p; Now trading 711p (at time of writing).
• The ‘trend is your friend’. Will it continue towards 772p?
• Shares -0.4% from 2019 highs; +24% from 2019 lows; +16.7% year-to-date.
• 1 May: Q1 Results included news of a a $1bn share buyback
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Standard Chartered – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Standard Chartered using a CFD, at the current price of 711p. To do this, you need £2,000.

Let’s assume the Standard Chartered trend continues to 772p? (+8.5%). Your profit would be £850, 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. Standard Chartered breaks lower, falling 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.