Will Tate & Lyle break support, or will it rise again to 746p?

• Rising support since October; bounce off 681p.
• Now trading 691p (at time of writing).
• Will the pattern repeat, the shares climbing back towards 746p highs?
• Shares -6.3% from 2019 highs; +5.6% from 2019 lows; +4.8% year-to-date.
• 7 Feb: Focus on lifting returns, cash flow working says Liberum
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Tate & Lyle – An Example

Let’s say you like the Tate & Lyle chart and you think the price is heading back towards 746p again. You decide to buy exposure to £10,000 worth of Tate & Lyle using a CFD, at the current price of 691p. To do this, you need £2,000.

Let’s assume Tate & Lyle rises back to 746p highs (+7.9%). Your profit would be £790, 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. Tate & Lyle 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.