Unilever
A trading opportunity for you?
Will Unilever break support, or will it rise again back to 4344p December highs?
- Unilever has 10-month rising support at 4000p.
- Latest bounce last week, now trading 4073p (at time of writing).
- Will the pattern repeat itself? Will the shares bounce off support again?
- Shares -9.9% from 2018 highs; +10.3% from 2018 lows; -0.9% year-to-date.
- 6 Dec: New Unilever CEO reassuring on 2020 targets says Berenberg
- 3 Dec: Unilever’s purchased GSK assets will be a good fit says Moody’s
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Unilever – An Example
Let’s say you like the Unilever chart and you think the price is heading back towards 4344p again. You decide to buy exposure to £10,000 worth of Unilever using a CFD, at the current price of 4073p. To do this, you need £2,000.
Let’s assume Unilever rises back to 4344p (+6.6%). Your profit would be £660, 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. Unilever 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.