Wizz Air
A trading opportunity for you?
Will Wizz Air break support, or will it rise again back to 3816p ?
- Wizz Air has a support zone since August 2017.
- Bounced around 2741p 3 times. Now trading at 2841p (at time of writing)
- Will the pattern repeat itself, bouncing up again towards 3816p?
- Shares -27.4% from 2018 highs; +1.4% from 2018 lows; -22.9% year-to date
- Wizz Air reports September traffic statistics next Tuesday (2 Oct)
- Source: Bloomberg, FT, Reuters, DJ Newswires
Trading Wizz Air – An Example
Let’s say you like the range, you think it’s heading back towards 3816p again. You decide to buy exposure to £10,000 worth of Wizz Air using a CFD, at the current price of 2841p. To do this, you need £2,000.
Let’s assume Wizz Air recovers back to 3816p. Your profit would be £3,432, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 4% from the current price. Wizz Air falls 4% and hits your stop-loss. Your loss would be £400.
This is provided for information purposes only. It should not be taken as a recommendation.