Long for #BATS #BTIDiversion on RSI+ Monthly Support + Falling Wedge + W pattern Long03:14by dalvi212882
British-American Tobacco Ending UptrendBTI has hit upper blue resistance where it was rejected, price can be expected to find support around current price level, however any swing highs from then on are worthy of a short entry. The pivot that forms will guide re-entry after taking profits. If price breaks below R634.01 (29 September low) then the downtrend should persist into 2023 & gives confidence to hold a higher short position. The lower pink trendline is a price objective for fully exiting short position.Shortby runyamhereUpdated 1
$JSEBTI - British American Tobacco: There Is Smoke, But No FireThe last coverage of BTI was on 10.02.2023 and the outlook has not changed, link below. BTI is the only rand hedge stock which had share price weakness despite the rand blowing out most recently, further evidence that the stock has no real bidders. The only question is how much lower can the bears take the price as there is no clear support levels and price action from 2019 has been wild and choppy. Short the rallies towards 56000Shortby Loyiso_BlaqueSoros_Mpeta111
BATS/VUKE.... Down 25%!If I held and VUKE (Vanguard FTSE 100 ETF) I would sell it now to buy BATS. BATS is down 25% relative to VUKE and offering 8% dividend yield compared to ~4% for VUKE. by Shauns_Trading0
BATS, No Breakout!BATS is still stuck in this downtrend channel. After taking some profits at 2900, I'm waiting for the next bottom!by Shauns_Trading1
British-American Tobacco Now BearishBTI has price has gone below 11 November low, this represent failure of a daily cycle and price turning bearish. Not far from current low is 29 September low of R634.01, if this is breached the bearish extends to the weekly price action further confirmation of a bearish trend ensuing. For traders who were not short, the pink declining resistance line is a possible entry point as well as the 200 day MA that turned resistance. Places of interest to close short positions: 1. The green trendline 2. the black trendline 3. The pink trendline which would also be realistic point to go long Shortby runyamhereUpdated 3
BTI Breakout with Back TestIf history rhymes then British American Tobacco has broken out & did a back test of the trendline that has constricted it from April 2020 (see previous breakout & move in 2019). I would expect it to move up nicely & take partial profit 20-30% move, buy back on strategic pullbacks. An ambitious move would target 44% from breakout level. Longby runyamhereUpdated 1
BATS... Time to buy the bottom of the Dip?!Here we see BATS on the daily, there are three factors indicating the price may have found a bottom... 1) The RSI has formed a divergence, the RSI MA has hit the oversold 30 bar (which is a rarity). 2) The MACD has had a crossover, albeit in the lower half. 3) the share price has hit a key level, in it being the major resistance level prior to the breakout in 2021. Also, let us note that BATS has a "buy" rating, and price target of £35 to £41, and is currently yielding over 8%. Obviously there might be something happening with the company behind the scenes, but I think that is unlikely as we can see insiders have been doing nothing but buying... www.lse.co.uk Therefore, if I had sold out, which I should have done at £36, I would more than be happy buying back in now. However I didn't sell any, as my average was only £28, so I will top up on this drop and more so if we are lucky to see £26 again. Thanks! Longby Shauns_Trading2
BTIBRITISH AMERICAN TOBCCO (BTI, 62568c) | In the short term, I’m seeing a megaphone formation and if it trades at support, it should likely be in a short term oversold range. In the words of Carter Worth: ‘Trend Line Touches, To The Penny!’. Provisional buy between 61300c - 61900c, with a target of 64000c - 64500by techpers1
Break out for BATSNot a BATS out of hell just yet but a breakout all the same. Broken away from 2756 and a good dividend, but now has to clear 3000 last established in Jan 2020. Longby andmk2Updated 333
$JSEBTI - British American Tobacco: Where There Is Smoke, ......BAT released its annual results for FYE 31.12.2022 yesterday. There are some highlights and I recommend investors and traders read for themselves. Seeing that the share traded lower on the news, it can be concluded that Mr. Market is not that excited. Looking at BAT from an Elliott Wave perspective, it looks like the share price is going nowhere excruciatingly slowly. Let's take a look at some EWP patterns; Wave (2) unfolded as an expanding flat. The impulsive move from 49111 to 73124 from March 2020 would have given any Elliottician hope that the uptrend was back. The decline from 73124 to 50757 is a zigzag. The rally from 51051 to 74444 is an ending diagonal making the entire move from 50757 to 74444 a zigzag. The bigger picture is that BAT is probably forming a larger flat correction of wave 1 which peaked at 73124. The implication is that the stock is now in wave ((c)) of 2 and price could move lower, back towards the 51000 region.by Loyiso_BlaqueSoros_Mpeta0
British American TobaccoNYSE:BTI is showing signs of weakness, maybe it's that sky capture thing. The stock might test R600, unless there are buyers to push the price up.Longby Trend_Trader_JSE1
BRITISH TOBACCO - Resistance Ambush Zone- BTI presented a great short opportunity intraday off the back of negative news. - Consequently, price was in the ambush zone of the last leg down. - If bulls don't reclaim R686 in the today or tomorrow, we could likely see the 200dma tested or even swing low. Shortby Trader-Dan3
BTI - LongA bullish Harami pattern has formed on a string support level on JSE:BTI . Looking for a move up to the R780 level.Longby RossLarter114
Long and short trades in a value areaPossible long and short trades that can be taken when trading from a value area. the 1hr 20ma or 100ma cross over can be used as a trigger. stop loss previous swing high or low. target at the control lineby GA20174
Value area tradingTrades can be taken from the top edge to the control line - short and from the bottom edge to the control line - long entry triggers can be higher highs, HL, LH, LH - double tops/ bottoms - head and shoulders - wicks, or small value areas.by GA20170
BTI - long triggeredA long position has been triggered on JSE:BTI based off of the turning of the MACD and the stochastic as well as the crossing of the 2 EMAs.Longby RossLarter2
BTI R640 big support holdingBTI support level of R640 has yet again, level offers good Risk to reward for long playersLongby T2TWELL114
BTI at my buy value areaI have calculated a buy value at roughly $36 (fair value based on earnings forecast minus 20% margin of security). Now we are at this price. Chart is in the main volume cluster but is falling like the entire sector (PM and MO have the same beta - volatility - at the moment) BTI is plus affecting now by the fear of american investors due to the falling of pound sterlin and voices are telling about a possible cut in USD dividend. Maybe usd dividend could return from 7% to the 5% which is the tobacco sector's dividend avarage. MO offers higher dividend at the moment but its economics and fair value are not in line with my strategies. Looking the history, escluding the 80s, BTI did not performe bad during the falling of pound sterlin, and never a cut of its dividend in a big shot. Tobacco sector is my preferred in line with the actual economic cycle, drop is good for buying lower, cash flows are strong and people will continue to smoke even during the recession. by giancarlopagliaroli2
Price Action is the Only TruthAt the western markets, the stock is mimicking each other. We also have a 535 zigzag here. The AB wave is done and we are anticipating a drop to complete the C wave.Shortby KatlehoThaba0
BTI DropThe stock, across 3 listed markets, is showing weakness. Can this just be a coincidence, i don't think so. The drop is inevitable. Here we are anticipating a 535 zigzag correction, we already have the AB leg and anticipate a drop to complete the C wave. The truth is price action.Shortby KatlehoThaba1
Drop inevitableBTI is playing out bearish patterns in all its listed markets. We are in what is likely to be a 335 expanded flat correction. We got the first 2 legs and we are anticipating a 5 wave drop to complete the C wave of the correction. The truth is price action.Shortby KatlehoThaba1
BTI - ShortWith today's price action we have been triggered short on JSE:BTI . If this momentum continues and it breaks through the 665 level, we could see it reaching our target at around the 600 level.Shortby RossLarter3