Will Wizz Air continue falling, or will it recover 3600p highs (+8.8%)?

• Shares -11% from recent highs; Now trading 3306p (at time of writing)
• Will the pattern repeat itself, rising back to recent highs of 3600p (+8.8%)?
• Shares -9.5% from 2019 highs; +22.3% from 2019 lows; +18% year-to-date.
• 19 Jun: Wizz Air business model less vulnerable than peers’ says  HSBC
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Wizz Air – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards highs of 3600p. You decide to buy exposure to £10,000 worth of Wizz Air using a CFD, at the current price of 3306p. To do this, you need £2,000.

Let’s assume Wizz Air recovers back to 3600p highs (+8.8%). Your profit would be £880, 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. Wizz Air 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.