Is this trend a good trading opportunity?

Will Ferrexpo turn, or will it continue to march upwards beyond 178p?

• The chart shows the last month’s price action.
• Shares in a week-long uptrend from 138p 2018 lows.
• Shares are now at 163p.
• Shares broken above September’s previous high of 160p.
• Shares bounced over 14% from 2018 lows, but still over 51% fallen from 2018 highs.
• Will the September momentum continue back to mid-August levels around 178p?

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Trading Ferrexpo – 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 Ferrexpo using a CFD, at the current price of 163p. To do this, you need £2,000.

Let’s assume Ferrexpo trend continues to 178p. Your profit would be £920, 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, at 163p. Ferrexpo 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.