A trading opportunity for you?

Will Kingfisher continue falling, or will it rise again back to 319p?

• The price has fallen over 28% from 2018 highs.
• Shares are close to 7-year lows (just 2.5% from 2018 lows)
• Negative momentum since July, shares down over 14% in 5 weeks.
• It has been as high as 319p in July. It is now at 248p.

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Trading Kingfisher – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards July level of 319p again. You decide to buy exposure to £10,000 worth of Kingfisher using a CFD, at the current price of 248p. To do this, you need £2,000.

Let’s assume Kingfisher recovers back to 319p. Your profit would be £2,860, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 10% from the current price, at 248p. Kingfisher falls 10% and hits your stop-loss. Your loss would be £1,000.

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