How to buy, sell and short Kanabo shares
Kanabo, with products designed to offer medical treatment solutions, became the second medical cannabis company to list on the LSE. Find out how you can buy, sell and short Kanabo shares and analyse the company’s share price.
How to buy Kanabo shares
You can trade Kanabo shares by taking a ‘buy’ position in the IG platform using CFDs if you think that the company’s share price will rise.
Here are the steps.
Trading (buying) Kanabo shares
- Create or log in to your trading account for CFDs and go to our trading platform
- Search for ‘Kanabo’
- Select ‘buy’ in the deal ticket
- Choose your position size and take steps to manage your risk
- Open and monitor your trade
‘Buying’ Kanabo shares via trading means that you speculate on the price of the company’s shares rising – this is also known as going long. Taking this position doesn’t give you direct ownership of Kanabo shares.
You can take a ‘buy’ position on using leveraged derivatives, such as CFDs, with us.
Leverage enables you to trade on the full market value, while only paying a deposit (known as margin). But bear in mind that while gaining full market exposure through leverage can increase your profits, it can also amplify your losses. So, taking measures to mitigate your risk is essential.
Learn more about risk management
How to sell Kanabo shares
‘Selling’ Kanabo shares via trading means that you are speculating on the company’s share price falling – this is also known as going short. As when buying, you can also ‘sell’ using leveraged derivatives, namely CFDs. Remember, leverage can amplify both your profits and losses.
Short-selling Kanabo shares
- Create or log in to your trading account for CFDs and go to our trading platform
- Search for ‘Kanabo’
- Select ‘sell’ in the deal ticket
- Choose your position size and take steps to manage your risk
- Open and monitor your trade
How to analyse the Kanabo share price
You should analyse the Kanabo share price by utilising both a technical analysis and fundamental analysis.
- The technical analysis gives you chart patterns, technical indicators and historic price action
- The fundamental analysis gives you the fundamental information of a company, such as net revenue and loss statements
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
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