888
A trading opportunity for you?
Will 888 break support, or will it rise again back to 178p?
- Rising support since late Dec to trade 168p (at time of writing).
- Will the pattern repeat, the shares climbing back towards 178p?
- Shares -48.3% from 2018 highs; +10.5% from 2018 lows; -3.9% year-to-date.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading 888 – An Example
Let’s say you like the 888 chart and you think the price is heading back towards 178p again. You decide to buy exposure to £10,000 worth of 888 using a CFD, at the current price of 168p. To do this, you need £2,000.
Let’s assume 888 rises back to 178p (+5.9%). Your profit would be £595, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 2% from the current price. 888 falls 2% and hits your stop-loss. Your loss would be £200.
This is provided for information purposes only. It should not be taken as a recommendation.