Will KAZ Minerals turn, or will it continue to rise to 740p highs?

• Shares +13% in a week after 32% sell-off ; Now 566p (at the time of writing).
• Will the positive momentum take them back to 740p highs?
• Shares -23.9% from 2019 highs; +14.9% from 2019 lows; +6.5% year-to-date
• 10 Jun: Base-metal Miners hit by easing of trade worries
• 29 April: Weak Q1 shouldn’t obscure Aktogay potential says Peel Hunt
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading KAZ Minerals – 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 KAZ Minerals using a CFD, at the current price of 566p. To do this, you need £2,000.

Let’s assume the KAZ Minerals trend continues to 740p highs (+30%). Your profit would be £3,000, 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. KAZ Minerals 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.