Will Unilever break support, or will it rise to 5200p (+5.1%)?

• Rising range; Now trades 4943p (at time of writing)
• Will the pattern repeat itself, rising to fresh highs of 5200p (+5.1%)?
• Shares -1.9% from 2019 highs; +26.5% from 2019 lows; +20.3% year to date
• 11 Jun: Tatcha acquisition adds another layer to prestige pivot says Bryan Garnier 
• 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 towards 5200p . You decide to buy exposure to £10,000 worth of Unilever using a CFD, at the current price of 4943p. To do this, you need £2,000.

Let’s assume Unilever rises to 5200p (+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. Unilever falls 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.