The US health regulator on Thursday blocked the sale of six flavours of British American Tobacco’s (BAT) main vape brand, Vuse Alto, in the market including the menthol flavour that makes up a large portion of its sales.
This bad news comes at a time when the share price has long been in a downtrend and as can be seen by todays candle and volume, sellers came in strong.
I maintain the bearish outlook from the previous analysis, see link below.