GFS
A trading opportunity for you?
Will GFS break support, or will it rise again to recent 215p highs?
- Rising support since late Oct with 3 bounces; also a range
- Trading 183p (at time of writing)
- Will the pattern repeat itself, rising back to 215p highs?
- Shares -14.7% from 2019 highs; +1.7% from 2019 lows; -6.7% year-to-date.
- 12 Mar: G4S offers upbeat outlook says Panmure
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading GFS – An Example
Let’s say you like the GFS range, you think it’s heading back up to 215p again. You decide to buy exposure to £10,000 worth of GFS using a CFD, at the current price of 183p. To do this, you need £2,000.
Let’s assume GFS rises back to 215p highs (+17.4%). Your profit would be £1740, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. GFS falls 5% 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.