Will Reckitt Benckiser break resistance, or will it fall back to 6000p?

• 5895-6436p narrowing range; Now 6324p (at time of writing)
• Will the pattern repeat itself, falling back to 6000p?
• Shares -3.1% from 2019 highs; +14% from 2019 lows; +5.3% year-to-date
• 12 Jun: New CEO could suffer strategy execution risk risk
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

Click to enlarge

Trading Reckitt Benckiser – An Example

Let’s say you like the Reckitt Benckiser range, you think it’s heading back down to 6000p again. You decide to buy exposure to £10,000 worth of Reckitt Benckiser using a CFD, at the current price of 6324p. To do this, you need £2,000.

Let’s assume Reckitt Benckiser falls back to 6000p (-5.1%). Your profit would be £510, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 2% from the current price. Reckitt Benckiser rises 2% and hits your stop-loss. Your loss would be £200.

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