Will KAZ Minerals continue falling, or will it recover to 743p April highs?

• Shares down 13.5% in two weeks; Bounced off rising support.
• Now trades 651p (at time of writing). Can the stock recover recent highs?
• Shares -12.5% from 2019 highs; +32.2% from 2019 lows; +22.5% year-to-date.
• 25 Apr: Q1 Copper Production +4%.
• 12 Apr: UBS upgrades rating and target; stock offers strong potential returns
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading KAZ Minerals – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 743p. You decide to buy exposure to £10,000 worth of KAZ Minerals using a CFD, at the current price of 651p. To do this, you need £2,000.

Let’s assume KAZ Minerals recovers back to 743p April highs (+14.1%). Your profit would be £1410, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 4% from the current price. KAZ Minerals falls 4% and hits your stop-loss. Your loss would be £400.

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