Bti british american tobacco, 54563c. (medium term swing view). The share has 5x failed attempts to clear it’s downward trend line. On friday, a report from the wall street journal cited plans by the biden adminsitration to drop it’s plans to ban menthol cigarettes. This may spur renewed interest following a long term bear trend. Buy.
A price action above 56500 supports a bullish trend direction.
Further bullish confirmation for a break above 58100.
The first target price is set at 59800. The second target price is set at 62800.
The stop-loss price is set at 55300.
The 200-day simple moving average might act as major resistance.
Remains a risky trade.
British American Tobacco has had a lengthy weekly, now price is looking to bottom then confirm the weekly low. We are looking for a swing low confirmation & a close above the 10 period moving average to confirm that we have left behing a weekly low. We have drawn a bullish Pitchfork which we would want to see guide price on the way up.
We can see on the TSI that...
British American Tobacco (BTI) identifies itself as a "leading consumer goods company," a nuanced way of indicating its role as a major global producer and seller of cigarettes and related products. It ranks as the second-largest entity on the Johannesburg Stock Exchange (JSE), trailing only behind Naspers. In recent years, the cigarette industry has faced...
See link below for previous analysis.
BATS released its FY'23 results and the market seems to like it.
The main take-away for me is that the New Categories achieved profitability two years ahead of the target.
That being said, margins are still very tight.
The technical picture has not changed much as the stock is still trading downwards in a slight wedging...
The stock has had a powerful move after a well received trade update.
The next hurdle to pass is the downsloping 200 day moving average and swing high at R610. Perhaps a consolidation/flag before a break out ?
Bulls will want to defend R575 now on any pullbacks.
Here we see BATS cycles with VUKE (Vanguard FTSE 100 ETF).
It appears to be the time to buy BATS, but BATS could easily slip out of this Decade long channel...
Here we can see that, although weak, the BATS is not yet recovering, and seems to be stalling.
If there was demand we should have seen a good V shaped recovery, perhaps this is a bounce off of some buy orders, and once these have dried up, a drop to the next lot? The MACD Seems to be in a channel.
A price action above 54800 supports a bullish trend direction.
Increase long exposure for a confirmed break above 57700.
The target price is set at 62800, which is at the mean of the linear regression channel pattern.
The stop-loss is set at 53800.
Notice how the linear regression channel pattern is sloping slightly upwards, supporting a bullish trend direction.
I missed selling my BATS for VGOV as the right time, so I'm looking for a good position, but am unsure if this is a pullback or reversal.
I'm going to use the Daily MACD as my guide to balance.
British American Tabaco (BTI)
Chasing the Smoke Signals: A Comprehensive Analysis of BTI's Price Indicators
1. Price Formation: The price has broken from an Inverted C&H price formation on a daily chart.
2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA, which is a positive sign indicating short-term bearish momentum.
3. 200-day Moving...
British American Tabaco (BTI)
Chasing the Smoke Signals: A Comprehensive Analysis of BTI's Price Indicators
1. Price Formation: The price has broken from an Inverted C&H price formation on a daily chart.
2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA, which is a positive sign indicating short-term bearish momentum.
3. 200-day Moving...
Key Takeaway
British American Tobacco writes down $31.5 billion as it shifts its business away from cigarettes.
Shares of British American Tobacco tumbled Wednesday after the owner of Camel and American Spirit cigarettes took an impairment charge of about $31.5 billion, mainly related to its struggling U.S. cigarette brands with the number of people who smoke in...
British American Tobacco (BTI) describes itself as a "leading consumer goods company" - which is a euphemistic way of saying that they produce and sell an enormous number of cigarettes and related products world-wide. It is also the second largest company on the JSE after Naspers. In recent decades, cigarette companies have become increasingly oppressed. Their...
Thursday 06-December-2023, 06h30 British American Tobacco (BTI, 53198c). BTI's market update saw it's share lower by almost 11% on the day - it's biggest daily decline since 2019. There's plenty of opinion and commentary, so to differentiate, I'll present my brief manual view as well as the reading from the Tactical Trading Guide as of yesterday's close. Testing...
Looking at USD, that is positively correlated to British American Tobacco, there is scope for price to move towards the wedge resistance. Since price is within timing for a weekly low we can expect such a move to close above the resistance line on a weekly basis. This idea should be read in conjunction with the USD trade idea here linked.
BTI has been in a descending channel. Is it time for a breather before further downside? Remains a risky trade. RSI signaling a bullish divergence.
Direction: Buy
Target: R617.42
Stop loss: R549.82
Risk/Reward: 2
Traders/Investors should always make their own analysis, the idea posted is just a guideline. Risk management is always your number one priority.
