CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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Trade insight example

Barclays Africa Group Ltd

13 January 2015

We recently highlighted a similar pattern on Discovery – a triangle (continuation) pattern of an upward trend on the Barclays daily chart. The breakout of the triangle occurred last week; however the price pulled back into the consolidation range yesterday. If we see a break below the rising trend line A, we would say the continuation pattern has failed.

Unless this situation occurs, the breakout remains relevant with the initial target of 18675c. One could wait for a possible pullback to the rising trend line as a possible level of entry for a long trade. Overall bias remains to the long side with the share in an upward trend and trading well above its 200 day moving average. - Travis Robson, Premium Client Manager

^{Barclays Africa Group Ltd, 13/01/2015}

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IG is a trading name of IG Markets Ltd and IG Markets South Africa Limited. International accounts are offered by IG Markets Limited in the UK (FCA Number 195355), a juristic representative of IG Markets South Africa Limited (FSP No 41393). South African residents are required to obtain the necessary tax clearance certificates in order to utilise their foreign investment allowance should the South African resident wish to open an offshore account with IG Markets Limited.

IG provides execution only services and enters into principal to principal transactions with its clients on IG’s prices. Such trades are not on exchange. IG Markets South Africa Limited is an authorised financial services provider (FSP No 41393). Whilst IG Markets South Africa Limited is a regulated FSP, CFDs issued by IG are not regulated by the FAIS Act as they are undertaken on a principal-to-principal basis.

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Trade Insights

Trade insight example

Barclays Africa Group Ltd

13 January 2015

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