Will Admiral break resistance, or will it fall back to 1950p?

• Rising support since Feb, horizontal resistance since September
• Fallen from resistance 4 times. Now 2093.5p (at time of writing)
• Will the pattern repeat itself, falling back to 1950p?
• Shares -3.1% from 2018 highs; +15.4% from 2018 lows; +2.4% year-to-date
• 15 Nov: UK insurers say Brexit deal doesn’t address key issue
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Admiral – An Example

Let’s say you like the Admiral range, you think it’s heading back down to 1950p again. You decide to sell exposure to £10,000 worth of Admiral using a CFD, at the current price of 2093p. To do this, you need £2,000.

Let’s assume Admiral falls back to 1950p (-6.8%). Your profit would be £680, 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. Admiral rises 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.