Will Aviva break support, or will it fall back to 400p? (7%)

• 430-400p falling channel since beginning of March
• Will the pattern repeat itself, falling back to 400p?
• Shares -2.5% from 2019 highs; +17% from 2019 lows; -13% year-to-date.
• 8th April. African airline firms up order for aircraft powered by Rolls Royce
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Aviva – An Example

Let’s say you like the range, you think it’s heading back towards 400p again. You decide to sell exposure to £10,000 worth of Aviva using a CFD, at the current price of 432p. To do this, you need £2,000.

Let’s assume Aviva falls 400p (-7%). Your profit would be £700, 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. Aviva 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.