Greggs
A trading opportunity for you?
Will Greggs break support, or will it rise again back to 2500p highs? (+3%)
- Greggs is trading at 8 day support of 2420p
- 3 bounces from support zone.
- Now trading 2420p (at time of writing).
- Shares -3% from 2019 highs; +90.46% from 2019 lows (And year-to-date)
- Source: Bloomberg, FT, Reuters, DJ Newswires
Trading Greggs – An Example
Let’s say you like the Greggs chart and you think the price is heading back towards 2500p again. You decide to buy exposure to £10,000 worth of Greggs using a CFD, at the current price of 2420p. To do this, you need £2,000.
Let’s assume Greggs rises back to 2500p 2019 highs (+3%). Your profit would be £300, 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. Greggs 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.