Centamin
A trading opportunity for you?
Will Centamin break support, or will it rise again to 136p?
- 87.7p support from Oct lows; Now trading 89.22p (at time of writing).
- Will the pattern repeat, the shares climbing back towards 98p?
- Shares -34.7% from 2019 highs; +1.9% from 2019 lows; 18.1% year-to-date.
- 27 Feb: Centamin down but not out, says Panmure
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Centamin – An Example
Let’s say you like the Centamin chart and you think the price is heading back towards 98p again. You decide to buy exposure to £10,000 worth of Centamin using a CFD, at the current price of 89.22p. To do this, you need £2,000.
Let’s assume Centamin rises back to 98p (+10%). Your profit would be £1000, 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. Centamin 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.