KAZ Minerals
A range trading opportunity for you?
Will KAZ Minerals break support, or will it rise again to 720p (+23%)?
- Rising range; Bounce and Breakout; Now trading 585p (at time of writing)
- Will the pattern repeat itself, shares testing 720p highs (+23%)?
- Shares -21.5% from 2019 highs; +18.6% from 2019 lows; +10% year-to-date
- 14 Jun: KAZ Minerals secures $600m credit line
- 29 Apr: Weak Q1 shouldn’t obscure Aktogay potential says Peel Hunt
- Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal
Trading KAZ Minerals – An Example
Let’s say you like the range, you think it’s heading back towards 720p again. You decide to Buy exposure to £10,000 worth of KAZ Minerals using a CFD, at the current price of 585p. To do this, you need £2,000.
Let’s assume KAZ Minerals rises back to range ceiling at 720p (+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 5% from the current price. KAZ Minerals 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.