Will KAZ Minerals turn, or will it continue to rise to 800p (+34%)?

• Shares +19% in June after 32% sell-off; Now 595p (at the time of writing).
• Will the positive momentum take them to 800p highs (+34%)?
• Shares -20.1% from 2019 highs; +20.7% from 2019 lows; +11.9% year-to-date
• Equity markets buoyed by hopes of US-China trade deal, commodities higher
• 14 Jun: KAZ Minerals secures $600m credit line
• 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 595p. To do this, you need £2,000.

Let’s assume the KAZ Minerals trend continues to 800p highs (+34%). Your profit would be £3400, 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.