Will TP ICAP turn, or will it continue to rise beyond 304p?

• The chart shows the last 5 months price action for TP ICAP
• The shares have broken above a resistance level at 298p to trade 304p (at time of writing).
• The ‘trend is your friend’. Will it continue?
• Shares -47.9% from 2018 highs; +18.8% from 2018 lows; -42.8% year-to-date.
• TP ICAP is an intermediary broker for financial, energy and commodity trading
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading TP ICAP – 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 TP ICAP using a CFD, at the current price 304p (at time of writing). To do this, you need £2,000.

Let’s assume the TP ICAP trend continues upwards to 428p (+40.8%). Your profit would be £4080, 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. TP ICAP 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.