Royal Bank of Scotland
A trading opportunity for you?
Will Royal Bank of Scotland break support, or will it rise again to 275p?
- 4 touches off rising support since January.
- Will the pattern repeat itself, rising back to recent highs of around 275p? (+7%)
- Shares -11% from 2019 highs; +13% from 2019 lows; +8% year-to-date.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Royal Bank of Scotland – An Example
Let’s say you like the Royal Bank of Scotland support, you think it’s heading back up to 275p again. You decide to buy exposure to £10,000 worth of Royal Bank of Scotland using a CFD, at the current price of 275p. To do this, you need £2,000.
Let’s assume Royal Bank of Scotland rises back to highs of 275p (+7%). Your profit would be £300, from your initial investment of £700.
Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Royal Bank of Scotland falls 3% and hits your stop-loss. Your loss would be £3000.
This is provided for information purposes only. It should not be taken as a recommendation.