A range trading opportunity for you?

Will British Land break support, or will it rise again back to 694p?

• The range has developed over the last 10 months.
• It has bounced off a 610p zone 5 times in the last 10 months. It is now at 618.5p (at time of writing)
• Will the pattern repeat itself, testing previous highs?
• Shares trading around 2018 lows
• Shares -12.5% from 2018 highs
• Shares in rising channel since October 2016

Click to enlarge

Trading British Land – An Example

Let’s say you like the range, you think it’s heading back towards 694p again. You decide to buy exposure to £10,000 worth of British Land using a CFD, at the current price of 618.5p. To do this, you need £2,000.

Let’s assume British Land recovers back to 694p. Your profit would be £1,220, 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, at 587p. British Land 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.