Will Games Workshop break lower, or will it rise back again to 4000p?

• Games Workshop has developed a rising channel range since December.
• Bounced off rising support 4 times, most recently in October.
• Now trading 3120p (at time of writing).
• Will the pattern repeat itself, testing previous highs?
• Shares -21.2% from 2018 highs; +56.1% from 2018 lows; +18.5 year-to-date.
• News sources: Bloomberg, FT, Reuters, DJ Newswires

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Trading Games Workshop – An Example

Let’s say you like the Games Workshop range, you think it’s heading back towards 4000p again. You decide to buy exposure to £10,000 worth of Games Workshop using a CFD, at the current price of 3120p. To do this, you need £2,000.

Let’s assume Games Workshop rises back to 4000p (+28.2%). Your profit would be £2820, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 8% from the current price. Games Workshop falls 8% and hits your stop-loss. Your loss would be £800.

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