Will Standard Chartered break support, or will it rise again to 707p?

• Rising support since October; 5 bounces to trade 633p (at time of writing).
• Will the pattern repeat, the shares climbing back towards 707p?
• Shares -26.5% from 2018 highs; +23.5% from 2018 lows; +3.9% year-to-date.
• 31 Jan: To launch more digital-only retail banks across 4 African markets
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Standard Chartered – An Example

Let’s say you like the Standard Chartered chart and you think the price is heading back towards 707p again. You decide to buy exposure to £10,000 worth of Standard Chartered using a CFD, at the current price of 633p. To do this, you need £2,000.

Let’s assume Standard Chartered rises back to 707p (+11.6%). Your profit would be £1160, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Standard Chartered falls 5% and hits your stop-loss. Your loss would be £500.

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