Will Anglo American continue falling, or will it recover June highs of 2293p (+6.6%)?

• Shares -42% from 2012 all time highs; Now trading 2144p (at time of writing)
• Shares -6.6% from 2019 highs; +29% from 2019 lows; +29% year-to-date.
• Can the stock recover June highs of 2293p (+6.6%)?
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Anglo American – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 2293p highs. You decide to buy exposure to £10,000 worth of Anglo American using a CFD, at the current price of 2144p. To do this, you need £2,000.

Let’s assume Anglo American recovers back to 2293p highs (+6.6%). Your profit would be £660, 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. Anglo American 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.