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LD_Perspectives
Mar 26, 2019 6:33 AM

BTI - Pending Short/Sell  Short

BRITISH AMERICAN TOB PLCJSE

Description

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.
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