Will Centamin turn, or will it continue to rise to 136p (+20%)?

• Shares +40% from late May; breakout above 111p; 
• Now trading 113p (at the time of writing).
• Will the positive momentum continue towards 136p (+20%)?
• Shares -17.6% from 2019 highs; +42% from 2019 lows; +3.6% year-to-date.
• Safehavens like Gold doing well amid weak USD and geopolitical tensions
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

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 113p. To do this, you need £2,000.

Let’s assume Centamin trend continues to 136p highs (+20%). Your profit would be £2000, 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.