Will LSE turn, or will it continue to rise towards new all time highs at 6000p (+7.5%)?

• Shares +45% from December lows; Breakout today
• Now 5581p (at the time of writing).
• Will the positive momentum take them to new all time highs of 6000p (+7.5%)?
• Shares at 2019 highs; +39.4% from 2019 lows; +37.4% year-to-date.
• 12 Jun: Moody’s affirms LSE ratings and upgrades outlook to positive
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading LSE– 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 LSE using a CFD, at the current price of 5581. To do this, you need £2,000.

Let’s assume the LSE trend continues to new all time highs at 6000p (+7.5%). Your profit would be £750, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. LSE falls 3% and hits your stop-loss. Your loss would be £300.

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