Will Standard Chartered turn, or will it continue to rise to 772p highs?

• Shares +18.7% from recent lows; breakout above 641p 
• Now 677p (at the time of writing).
• Will the positive momentum take them back to prior 772p highs?
• Shares -0.59% from 2019 highs; +18.18% from 2019 lows; +11.29% year-to-date
• 17 Feb: Better than expected results for the Chinese economy that came out over night
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Standard Chartered  – 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 Standard Chartered using a CFD, at the current price of 677p. To do this, you need £2,000.

Let’s assume the Standard Chartered trend continues to 772p highs (+14%). Your profit would be £1400, 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. Standard Chartered 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.