Is this trend a good trading opportunity?

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

• The chart shows the last month’s price action.
• Shares in a 10-day uptrend from September’s low 670p lows.
• Shares are now at 747p.
• Shares broken above September’s previous high of 733p.
• Shares have been in a strong uptrend since April, bouncing over 41% from 2018 lows.
• John Wood shares are already up 15% year-to-date. Will the momentum continue?

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Trading John Wood – 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 John Wood using a CFD, at the current price of 747p. To do this, you need £2,000.

Let’s assume John Wood trend continues to 786p. Your profit would be £522, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 4% from the current price, at 747p. John Wood falls 4% and hits your stop-loss. Your loss would be £400.

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