Will Barclays break support, or will it rise again back to 179p ?

• Barclays has support since mid-October, bounced 3 times from 169p zone, most  recently yesterday
• Currently trading 163.6p (at time of writing)
• Will the pattern repeat itself, bouncing up again towards 180p?
• Shares -26.6% from 2018 highs; +0.7% from 2018 lows; -19.5% year-to date
• Banks sensitive to US/UK interest rates, Brexit and UK politics
• Source: Bloomberg, FT, Reuters, DJ Newswires

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Trading Barclays – An Example

Let’s say you like the range, you think it’s heading back towards 179p again. You decide to buy exposure to £10,000 worth of Barclays using a CFD, at the current price of 163.6p. To do this, you need £2,000.

Let’s assume Barclays recovers back to 180p (+10%). Your profit would be £1000, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss 3% below the current price. Barclays 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.