Syncona
A trading opportunity for you?
Will Syncona break support, or will it rise again back to 298p late Oct highs?
- Syncona has support at 245p with 3 bounces since August.
- Now trades at 253.5p (at time of writing).
- Will the pattern repeat itself? Will the shares bounce off support again?
- Shares -5.7% from 2019 highs; +4.9% from 2019 lows; -5.2% year-to-date.
- Syncona is a healthcare holding company.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Syncona – An Example
Let’s say you like the Syncona chart and you think the price is heading back towards 298p again. You decide to buy exposure to £10,000 worth of Syncona using a CFD, at the current price of 253p. To do this, you need £2,000.
Let’s assume Syncona rises back to 298p (+17.7%). Your profit would be £1770, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 6% from the current price. Syncona falls 6% and hits your stop-loss. Your loss would be £600.
This is provided for information purposes only. It should not be taken as a recommendation.