ElPsyKongroo369

British American Tobacco $BTI Bullish Butterfly

Long
NYSE:BTI   British American Tobacco Industries, p.l.c
BTI has went into oversold conditions and created a potential Bullish Butterfly . Keep in mind it still has room to go lower to the 1.618 fib. But anywhere between the 1.272 and 1.618 is a good potential reversal area. Also right now as it stands the daily candle is a bullish hammer so looks good for now.

1st Target - $37.12
2nd Target - 37.98
3rd Target - $38.85

Good luck traders.
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