Will Aston Martin break resistance, or will it fall back to 719p?

• Falling range since mid-Feb; Now 868p (at time of writing)
• Will the pattern repeat itself, falling back to 719p?
• Shares -36.9% from 2019 highs; +9.8% from 2019 lows; -29.1% year-to-date
• 15 May: Swings to Q1 pre-tax loss;
• 15 May: CEO says share performance a huge disappointment
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Aston Martin – An Example

Let’s say you like the Aston Martin range, you think it’s heading down to 719p again. You decide to sell exposure to £10,000 worth of Aston Martin using a CFD, at the current price of 868p. To do this, you need £2,000.

Let’s assume Aston Martin falls back to 719p (-17.1%). Your profit would be £1710, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 4% from the current price. Aston Martin rises 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.