BTI trade ideas

TheGreatestMarketAnalyst

Not yet matured enough as there arent much confirmations for the sell but I expect a drop to wave (v).

SteynTrade

We have been waiting for volume to indicate the markdown is set to continue (See link to the analysis below). After a significant bar with volume I am now expecting the markdown to continue.

Trader-Dan Updated 

- Possible trade lining up here, be patient and wait for the break to confirm . - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

momoparuk

BTI has consistently found resistance at the 200EMA ,short BTI in anticipation of another leg down.

SteynTrade

BTI has undergone distribution, a backup to the TR and is busy with a markdown. Since the beginning of 2019, it looks like a redistribution TR is taking place. Now price is approaching the overbought line. There is negative divergence with the volume RSI indicating a continuation. Will be looking some supply volume to push the price further down.

Trad3r_16

BTI is seemingly forming a nice TL and is looking bullish over the longer term. Still offering a good yield at these levels.

KoosKanmar

A break here could be considered very bullish

Trad3r_16

#BTI fills the gap and simultaneously breaks minor downtrend. Hopefully continues move upwards.

Logaro1

After finding a firm base around the R 500 levels , BTI is set to stage a comeback. Interesting name to watch , looking for a firm break above the R 550 levels. Time to get excited !

Trad3r_16

Weaker ZAR beneficial to our Rand hedges. BTI has now broken another small downtrend and looks to be headed towards 612ish.

ALSITRADER

JSE:BTI After initial and strong move up, $JSEBTI was consolidating is something that looks as bull flag. Today we had strong break out on big green bar. Target for this move according to AB=CD is around 68000.

munyaelliott

This stock has just broken out of a descending channel (bullish flag pattern), and is rallying towards the weekly descending trendline. Therefore, we should see much upside towards the 58 000-60 000 are. The technicals of this trade are as follows: STOP LOSS: 52 000 TARGET: 60 000

gillyblore

Looking interesting - caution whilst below 200day SMA

Zabbs

The Trend is still down for Now on BAT I will be looking at buying some in the Green Pivot Extension or getting Short in the Red pivot extension Bearish retest here is my guess the flag looks like a nice scalp if you want to take the chance

munyaelliott

The share price for British American Tobacco (BTI) has been moving in a descending channel on the daily timframe, as evidenced by lower highs and lower lows. The price has just broke out of a corrective ascending channel (counter trend) on the 4-hour timeframe and came back to retest the previous-support-turned-resistance at the price level of 57730. I expect...

ALSITRADER

JSE:BTI Testing previous low as well as moving averages. Currently making small hammer. If it stays like this potential long with stop loss bellow today's low of the day and first target at 61000. There is gap lower that potential can be closed so be careful about that.

LD_Perspectives

Yesterday morning we closed a short term trade on BTI for a profit however I believe that there may be another opportunity to re-enter the trade should certain levels be emerge. The last close was at 57987c however should we see a print back above 59500c, traders could look to once again short/sell in anticipation of a continuation of the short term downward...

SchalkLouw Updated 

So, the Canadian court ordered British American Tobacco PLC ( LSE:BATS ), Philip Morris International Inc. ( NYSE:PM ) and Japan Tobacco Inc. ( TSE:2914 ) to pay $12.5 billion in damages to Quebec smokers after a 17-year legal battle, in the latest case to shock the global tobacco industry. This could see BATS needing to fork out about $8bn, which clearly won’t be...