Will Aston Martin break support, or will it rise again back to 1343p ?

• Rising support at 1200p to trade 1246p (at time of writing).
• Will the pattern repeat? Will the shares bounce to 1343p again?
• Shares -32.1% from 2018 highs; +11.0% from 2018 lows; +1.9% year-to-date.
• 15 Nov: CEO says Brexit deal ‘appears to do everything we need’ as industry
• 15 Nov: Aston Martin sees 2018 sales towards top end of guidance
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Aston Martin – An Example

Let’s say you like the Aston Martin chart and you think the price is heading back towards 1343p again. You decide to buy exposure to £10,000 worth of Aston Martin using a CFD, at the current price of 1243p. To do this, you need £2,000.

Let’s assume Aston Martin rises back to Jan highs of 1343p (+8%). Your profit would be £800, 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. Aston Martin 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.