Ashmore
A trading opportunity for you?
Will Ashmore break support, or will it rise again back to 376p ?
- Ashmore has rising support since mid-August
- Bounced off trendline 6 times, most recently yesterday. Now trading 350p (at time of writing)
- Will the pattern repeat itself, bouncing up again towards 376p?
- Shares -21.2% from 2018 highs; +5.4% from 2018 lows; -13.3% year-to date
- 7 Sept: Ashmore to ppen Dublin office ahead of Brexit
- 7 Sept: Peel Hunt says Ashmore can outperform in troubled Emerging Markets
- Source: Bloomberg, FT, Reuters, DJ Newswires
Trading Ashmore – An Example
Let’s say you like the range, you think it’s heading back towards 376p again. You decide to buy exposure to £10,000 worth of Ashmore using a CFD, at the current price of 350p. To do this, you need £2,000.
Let’s assume Ashmore recovers back to 376p (+7.4%). Your profit would be £740, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss 3% below the current price. Ashmore 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.