Will NMC Health break support, or will it rise again back to 3765p highs?

• NMC Health has 12-month horizontal support around 3013p.
• Bounced 5 times, most recently on Friday.
• Now trading 3060p (at time of writing).
• Will the pattern repeat itself? Will the shares bouncer and rally back to 3765p again?
• Shares -30% from 2018 highs; +7.4% 2018 lows; +6% year-to-date.
• NMC is a Middle East focused healthcare provider
• 10 Dec: NMC reiterated its 2018 and 2019 revenue targets.
• 22 Oct: NMC upgrades full year revenue and profits guidance after positive H2 developments
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading NMC Health – An Example

Let’s say you like the NMC Health range, you think the price is heading back towards 3765p again. You decide to buy exposure to £10,000 worth of NMC Health using a CFD, at the current price of 3060p. To do this, you need £2,000.

Let’s assume NMC Health rises back to 3765p (+23%). Your profit would be £2300, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 8% from the current price. NMC Health falls 8% and hits your stop-loss. Your loss would be £800.

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