Trader-Dan

JSEBTI - LONG Idea British Tobacco

Long
JSE:BTI   BRITISH AMERICAN TOB PLC
- BTI ended yesterday with a nice bullish engulfing candle, possibly a reversal zone for the recent leg down

- Stochastics are oversold and price is at a horizontal support zone

- Possible targets are R556 then the top of range at R580

- Failure below the R507 swinglow will be viewed as bearish

-- MANAGE YOUR RISK - -

Disclaimer: All ideas are my opinion and should not be taken as financial advice.

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