A trading opportunity for you?
Will Coca-Cola HBC break support, or will it rise again to 2660p?
- 3 touches off rising support since December; Currently at one month lows
- Will the pattern repeat itself, rising back to recent highs of around 2660p? (+5%)
- Shares -5.5% from 2019 highs; +2.4% from 2019 lows; -2% year-to-date.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Coca-Cola HBC – An Example
Let’s say you like the Coca-Cola HBC support, you think it’s heading back up to 2660p again. You decide to buy exposure to £10,000 worth of Coca-Cola HBC using a CFD, at the current price of 2544p. To do this, you need £2,000.
Let’s assume Coca-Cola HBC rises back to highs of 2660p (+5%). Your profit would be £500, 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. Coca-Cola HBC 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.