Will Standard Chartered turn, or will it continue to rise to 858p highs (+15%)?

• Shares +30% from March lows; breakout above 700p 
• Now 740p (at the time of writing).
• Will the positive momentum take them back to prior 858p highs (+15%)?
• Shares -0.3% from 2019 highs; +29.1% from 2019 lows; +21.6% year-to-date
• 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 740p. To do this, you need £2,000.

Let’s assume the Standard Chartered trend continues to 858p highs (+15%). Your profit would be £1500, 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.