Order Types
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You can also use limit orders to place an order to deal at a price lower than today's current price.
Here we see a chart of the Shell share price. This has dropped significantly from a recent high of 416.25p and, by January 16th when it hits 360p, you believe the stock is beginning to look like good value. You decide to set a buy limit at 350p to take advantage of any downward movement and purchase the stock at what you perceive to be a bargain price.
The information contained in this case study is believed to be correct but cannot be guaranteed. Investors should be aware that the value of investments and the income derived from them can fall as well as rise, and past performance is not necessarily a guide to future performance. The information contained in this case study does not constitute a personal recommendation to deal in any particular shares. You should consult a personal advisor to discuss the suitability to your personal circumstances and investment objectives.