Will Unilever break support, or will it rise back to 4282p Feb highs?

• 3944-4282p range since February, bounced off the bottom of the range.
• Now trades 4042p (at time of writing)
• Will the pattern repeat itself, testing previous 4282p Feb highs?
• Shares -5.5% from 2019 highs; +3.5% from 2019 lows; -1.5% year to date
• 4 Feb: Jefferies says Unilever results not as bad as they Look
• 1 Feb: Berenberg says guidance disappoints, but Unilever remains a leader
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Unilever – An Example

Let’s say you like the range, you think it’s heading back towards 4282p again. You decide to buy exposure to £10,000 worth of Unilever using a CFD, at the current price of 4042p. To do this, you need £2,000.

Let’s assume Unilever rises to 4282p (+5.9%). Your profit would be £590, 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 rises 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.