A trading opportunity for you?
Will BT break support, or will it rise again back to 268p highs?
- BT has triple rising support at 229p; Now trading 233p (at time of writing).
- Shares -17.1% from 2018 highs; +14.8% from 2018 lows; -2.4% year-to-date.
- 7 Jan: The Mail on Sunday reports BT bringing in advisors to plan defence from Deutsche Telekom takeover
- 18 Dec: BT: Remuneration Committee will consider broader range of performance factors in setting pay
- 14 Dec: Ofcom launches review of UK broadband prices
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading BT – An Example
Let’s say you like the BT chart and you think the price is heading back towards 268p again. You decide to buy exposure to £10,000 worth of BT using a CFD, at the current price of 233p. To do this, you need £2,000.
Let’s assume BT rises back to 268p (+15.0%). Your profit would be £1500, 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. BT 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.