Will Polymetal turn, or will it continue to rise to 900p highs?

• Shares bounced 5% with a breakout above; Now trading 862p (at the time of writing).
• Will the positive momentum continue towards 900p?
• Shares -4.3% from 2019 highs; +12.8% from 2019 lows; +4.8% year-to-date.
• Safehavens like Gold and their Miners in favour as risk appetite sours
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Polymetal – 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 Polymetal using a CFD, at the current price of 862p. To do this, you need £2,000.

Let’s assume Polymetal trend continues to 900p highs (+4.4). Your profit would be £440, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 2% from the current price. Polymetal falls 2% and hits your stop-loss. Your loss would be £200.

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