LD_Perspectives

BTI - Pending Short/Sell

Short
JSE:BTI   BRITISH AMERICAN TOB PLC
Yesterday morning we closed a short term trade on BTI for a profit however I believe that there may be another opportunity to re-enter the trade should certain levels be emerge. The last close was at 57987c however should we see a print back above 59500c, traders could look to once again short/sell in anticipation of a continuation of the short term downward trend. In terms of the technical drivers, the momentum is trending lower, while the RSI has printed a bearish divergence.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.