Lloyds
A trading opportunity for you?
Will Lloyds break support, or will it rise again to 59.5p 8 week highs? (+4.5%)
- 56.5p support since February; Bounce and Breakout
- Now trading 57.1p (at time of writing)
- Will the pattern repeat itself, rising back to May highs of 59.5p? (+4.5%)
- Shares at -14.4% from 2019 highs; +10.8% from 2019 lows; +10.8% year-to-date.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Lloyds – An Example
Let’s say you like the Lloyds support, you think it’s heading back up to 59.5p. You decide to buy exposure to £10,000 worth of Lloyds using a CFD, at the current price of 57.1p. To do this, you need £2,000.
Let’s assume Lloyds rises back to 59.5p (+4.5%). Your profit would be £450, from your initial investment of £2000.
Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Lloyds 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.