Will Card Factory break support, or will it rise again back to recent highs of 200p?

• Card Factory has horizontal support since mid-December’s record lows.
• 3 bounces off 160p support zone; now trading 181p (at time of writing).
• Will the pattern repeat, the shares climbing back towards 200p?
• Shares -8.5% from 2019 highs; +13.8% from 2019 lows; +1% year-to-date.
• Shares down 50% from 2017 highs.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Card Factory – An Example

Let’s say you like the Card Factory chart and you think the price is heading back towards 200p again. You decide to buy exposure to £10,000 worth of Card Factory using a CFD, at the current price of 181p. To do this, you need £2,000.

Let’s assume Card Factory rises back to 200p (+10.4%). Your profit would be £600, 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. Centrica 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.