Will Centamin turn, or will it continue to rise to July high of 123p?

• The chart shows the Centamin price action since the beginning of November.
• Shares in a weeklong uptrend from 92.5p November lows; now at 108.6p.
• Shares -36.25% from 2018 highs; +26.5% from 2018 lows; -31.4% year-to-date.
• Centamin is a Middle East-focused gold miner.
• Precious metals miners are benefiting from recent market volatility.
• In the last week, the shares have risen over 14%. Will this momentum continue?

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Trading Centamin – An Example

Let’s say the trend appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Centamin using a CFD, at the current price of 108.6p. To do this, you need £2,000.

Let’s assume Centamin trend continues to July high of 123p (+13.25%). Your profit would be £1325, 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. Centamin falls 5% and hits your stop-loss. Your loss would be £500.

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