Will Micro Focus break support, or will it rise again to 2078p?

• Bounce off twin rising support at 1905p
• Now trading 1958p (at time of writing)
• Will the pattern repeat itself, rising back to 2078p?
• Shares -5.8% from 2019 highs; +48.1% from 2019 lows; +41.9% year-to-date.
• 29 Mar: Micro Focus backs guidance for full year 2019
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Micro Focus – An Example

Let’s say you like the Micro Focus range, you think it’s heading back up to 2078p again. You decide to buy exposure to £10,000 worth of Micro Focus using a CFD, at the current price of 1958p. To do this, you need £2,000.

Let’s assume Micro Focus rises back to 2078p (+6.1%). Your profit would be £610, 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. Micro Focus  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.