G4S
A trading opportunity for you?
Will G4S break support, or will it rise again back to 225p November highs?
- G4S has rising support since early December.
- Latest bounce off 189p support level in late Dec, now trading 205p (at time of writing).
- Will the pattern repeat itself? Will the shares bounce off support again?
- Shares -2% from 2019 highs; +6% from 2019 lows; +4.4% year-to-date.
- 29 Dec: G4S shares seem cheap says Barrons.com
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Click to enlarge
Trading G4S – An Example
Let’s say you like the G4S chart and you think the price is heading back towards 225p again. You decide to buy exposure to £10,000 worth of G4S using a CFD, at the current price of 205p. To do this, you need £2,000.
Let’s assume G4S rises back to 225p November highs (+9.7%). Your profit would be £970, 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. G4S 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.