Will British Land break support, or will it rise again back to 663p August highs?

• British Land has traded around a rising support zone since late October.
• 5 bounces off support, with the latest bounce last week.
• Shares -14.4% from 2018 highs; +8.9% from 2018 lows; -13% year-to-date.
• Recent share price range: Oct lows 554p; Sept highs 641p. Now trading 602p (at time of writing).
• Will the pattern repeat itself, with the shares bouncing off support again?
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading British Land – An Example

Let’s say you like the British Land chart and you think the price is heading back towards 663p again. You decide to buy exposure to £10,000 worth of British Land using a CFD, at the current price of 602p. To do this, you need £2,000.

Let’s assume British Land rises back to 663p August highs (+10.1%). Your profit would be £1010, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 7% from the current price. British Land falls 7% and hits your stop-loss. Your loss would be £700.

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