Will KAZ Minerals continue falling, or will it recover to 743p April highs?

• Shares -32% since mid-April; Bounced off shallow rising support.
• Now trades 518p (at time of writing). Can the stock recover recent 743p highs?
• Shares -30.4% from 2019 highs; +5% from 2019 lows; -2.6% year-to-date.
• 29 Apr: Weak Q1 shouldn’t obscure Aktogay potential says Peel Hunt
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading KAZ Minerals – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 743p. You decide to buy exposure to £10,000 worth of KAZ Minerals using a CFD, at the current price of 518p. To do this, you need £2,000.

Let’s assume KAZ Minerals recovers back to 743p April highs (+43%). Your profit would be £4300, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. KAZ Minerals falls 5% and hits your stop-loss. Your loss would be £500.

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