Vodafone
A trading opportunity for you?
Will Vodafone break 3 month support, or will it rise again back to 135p? (+6.5%)
- Vodafone trading back near 3 month support. Trading 126.4p (at time of writing).
- Will the pattern repeat itself? Will the shares bounce off 3 month support again?
- Shares -20.4% from 2019 highs; +3.2% from 2019 lows; -18.3% year-to-date.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Vodafone – An Example
Let’s say you like the Vodafone chart and you think the price is heading back towards 135p again. You decide to buy exposure to £10,000 worth of Vodafone using a CFD, at the current price of 126.4p. To do this, you need £2,000.
Let’s assume Vodafone rises back to 135p (+6.5%). Your profit would be £650, 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. Vodafone 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.