Will Man Group break support, or will it rise again to 158p?

• Rising support at 148p, trading 149p (at time of writing).
• Will the pattern repeat, the shares climbing back towards 158p highs?
• Shares -6% from 2019 highs; +16.3% from 2019 lows; +12.3% year-to-date.
• 21 May: Fitch affirms Man’s credit rating at ‘BBB+’; Outlook Stable
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Man Group – An Example

Let’s say you like the Man Group chart and you think the price is heading back towards 158p again. You decide to buy exposure to £10,000 worth of Man Group using a CFD, at the current price of 149p. To do this, you need £2,000.

Let’s assume Man Group rises back to 158p (+6%). Your profit would be £600, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 2% from the current price. Man Group falls 2% and hits your stop-loss. Your loss would be £200.

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