A range trading opportunity for you?

Will KAZ Minerals break lower, or will it rise back again to 594p?

• KAZ Minerals is in a 433-594p range since early September.
• Bounced off support zone 6 times, most recently today.
• Now trading 483p (at time of writing)
• Will the pattern repeat itself, testing previous highs?
• Shares -59.5% from 2018 highs; +6% from 2018 lows; -46% year-to-date
• Latest Q3 production update (25 Oct) saw an increase in copper and gold production.
• Mining company also confirmed FY production guidance.
• Source: Bloomberg, FT, Reuters, DJ Newswires

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Trading KAZ Minerals – An Example

Let’s say you like the range on KAZ Minerals and think the price is heading back towards 594p again. You decide to buy exposure to £10,000 worth of KAZ Minerals using a CFD, at the current price of 483p. To do this, you need £2,000.

Let’s assume KAZ Minerals rises back to 594p (+23%). Your profit would be £2300, 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. KAZ Minerals 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.