KAZ Minerals
A range trading opportunity for you?
Will KAZ Minerals break support, or will it rise again to 720p (+16%)?
- Rising range; Bounce and Breakout; Now trading 616p (at time of writing)
- Will the pattern repeat itself, shares testing 720p highs (+16%)?
- Shares -17.2% from 2019 highs; +25% from 2019 lows; +15.9% year-to-date
- 28 Jun: KAZ to get copper-price boost says Credit Suisse
- 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 616p. To do this, you need £2,000.
Let’s assume KAZ Minerals rises back to range ceiling at 720p (+16%). Your profit would be £1600, 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.