A trading opportunity for you?

Will Tullow break support, or will it rise again back to 273p highs?

• Tullow has a support zone around 211p since April, having bounced 5 times 
• Now trading 215.8p (at time of writing).
• Shares -21.1% from 2018 highs; +30.2% from 2018 lows; +4.2% year-to-date.
• 17 Sept: Tullow Oil getting back to exploration, says Canaccord; upgrades to Buy
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading Tullow – An Example

Let’s say you like the Tullow chart and you think the price is heading back towards 273p again. You decide to buy exposure to £10,000 worth of Tullow using a CFD, at the current price of 215.8p. To do this, you need £2,000.

Let’s assume Tullow rises back to 273p (+26.5%). Your profit would be £2650, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 6% from the current price. Tullow falls 6% and hits your stop-loss. Your loss would be £600.

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