Will Dixons Carphone break support, or will it rise again to 157p?

• Rising support since Christmas, latest bounce at 129p
• Now trading 135p (at time of writing).
• Will the pattern repeat, the shares climbing back towards 157p?
• Shares -16.2% from 2019 highs; +12.6% from 2019 lows; +12.8% year-to-date.
• 28 Jan: Morgan Stanley says shares oversold, upgrades to overweight, ups target to 240p
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Dixons Carphone – An Example

Let’s say you like the Dixons Carphone chart and you think the price is heading back towards 157p again. You decide to buy exposure to £10,000 worth of Dixons Carphone using a CFD, at the current price of 135p. To do this, you need £2,000.

Let’s assume Dixons Carphone rises back to 157p highs (+16.3%). Your profit would be £1630, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 4% from the current price. Dixons Carphone falls 4% and hits your stop-loss. Your loss would be £400.

This is provided for information purposes only. It should not be taken as a recommendation.