Will Anglo American turn, or will it continue to rise towards highs of 2228p?

• Shares +10% from recent lows; breakout
• Now trading 2066p (at time of writing);
• Will the positive momentum continue towards highs of 2228p?
• Shares -7.4% from 2019 highs; +23.8% from 2019 lows; +18.16% year-to-date
• 10 Jun: Base-metal Miners hit by easing of trade worries
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Anglo American – An Example

Let’s say the trend appeals to you, you think it’s likely to continue up to 2228p. You decide to buy exposure to £10,000 worth of Anglo American using a CFD, at the current price of 2066p. To do this, you need £2,000.

Let’s assume the Anglo American trend continues to highs of 2228p (+7.8%). Your profit would be £780, 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. Anglo American falls 3% and hits your stop-loss. Your loss would be £300.

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