Will Unilever break support, or will it rise back to 4383p?

• Sideways range since last June with 3 bounces
• Bounce and Breakout from falling range to to trade 4127p (at time of writing)
• Will the pattern repeat itself, rising back to 4383p?
• Shares -8.9% from 2018 highs; +11.6% from 2018 lows; +0.5% year-to-date.
• 4 feb: Jefferies says Unilever results aren’t as bad as they look
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Unilever – An Example

Let’s say you like the Unilever range, you think it’s heading back up to 4383p again. You decide to buy exposure to £10,000 worth of Unilever using a CFD, at the current price of 4127p. To do this, you need £2,000.

Let’s assume Unilever rises back to 4383p (+6.2%). Your profit would be £620, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Unilever falls 3% and hits your stop-loss. Your loss would be £300.

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