Is this trend a good trading opportunity?

Will Tate & Lyle turn, or will it maintain momentum beyond 700p?

• The chart shows Tate & Lyle price action since late August.
• Shares holding recent breakout above 676p to trade highest since late May.
• Shares +9.6% since September lows. Will this momentum continue?
• Shares -3.2% from 2018 highs; +31% from 2018 lows; -1.7% year-to-date
• Currently trading at 691.2p (as of the time of writing).

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Trading Tate & Lyle – 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 Tate & Lyle using a CFD, at the current price of 691p. To do this, you need £2,000.

Let’s assume Tate & Lyle trend continues to last May’s highs of 795p (+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 4% below the current price. Tate & Lyle falls 4% and hits your stop-loss. Your loss would be £400.

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