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RossLarter

BTI - Parallel Channel with upward momentum

Long
BRITISH AMERICAN TOB PLC (JSE:BTI)  
RossLarter Updated   
JSE:BTI   BRITISH AMERICAN TOB PLC
Trend Analysis js ALSI ZAR southafrica britishamericantobacco
5
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trendanalysis js alsi zar southafrica britishamericantobacco
BTI is trading in a parallel channel and has recently bounced off the bottom on its way up. It is also showing some nice upward momentum. I would say that we are looking at an upward move towards at least the 55000 level if not further up towards the top of the channel.
Trade closed: stop reached
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