$JSE-BTIJSE: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.by ALSITRADER116
BRITISH AMERICAN TOBACCO (BTI) 4-HOUR TIMEFRAME LONGThis 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 000Longby munyaelliott4
Looking interesting - caution whilst below 200day SMALooking interesting - caution whilst below 200day SMAby gillyblore2
Waiting for an EntryThe 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 chanceby Zabbs2
BRITISH AMERICAN TOBACCO (BTI) 4-HOUR TIMEFRAME SHORT 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 prices to trickle down further, if they do not create higher highs and higher lows, and the possible targets are: Target 1: 50 720 Target 2: 43 856Shortby munyaelliott112
$JSE-BTIJSE: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.by ALSITRADER228
BTI - Pending Short/Sell 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 trend. In terms of the technical drivers, the momentum is trending lower, while the RSI has printed a bearish divergence.Shortby LD_Perspectives4
$JSEBTI and the dreaded Canadian rulingSo, 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 good for the company. Just remember the saying: “BUY ON RUMOUR, SELL ON FACTS”. Although this is not good for the company, it was to certain extend, expected and a lot priced in. What do the big financial houses think? Deutsche Bank restated their buy rating on shares of British American Tobacco Plc ( LSE:BATS ) in a research report sent to investors on Friday (1 March 2019). Deutsche Bank currently has a £4,000 price objective on the stock, which implies an upside of 40% from current levels. Other broker forecast and dates forecasted, includes: 01/03/2019 Broker: JP Morgan Rating: Overweight Old Target: £4200.00 New Target: £4000.00 Maintain 01/03/2019 Broker: Goldman Sachs Rating: Buy Old Target: £4860.00 New Target: £4910.00 Maintain 01/03/2019 Broker: UBS Rating: Buy Old Target: £4000.00 Maintain 28/02/2019 Broker: Liberum Capital Rating: Buy Old Target: £2795.00 Maintain 26/02/2019 Broker: Bernstein Rating: Market Perform Old Target: £2950.00 New Target: £3210.00 Thomson Reuters consensus also currently got a BUY on $BATS, with a target price of £3482 (22% higher compared to current levels). This (the £4000) relates to a local $JSEBTI target price of R751. Thomson Reuters consensus currently got a target price on $JSEBTI of R779.53. Looking at the longer-term graph, $JSEBTI did enjoy a nice little bounce off its 10-year resistance line in January 2019 and since then enjoyed quite a bit of momentum. Results was very good on Thursday, which saw the share price run a further 4.73% on Friday (1 March 2019). Over the short-term, according to its RSI, it could be somewhat overbought. Should we see negativity on the Canadian ruling, we could see BTI find support at its 50-day moving average (R474), with its long-term trend line then acting as a crucial resistance/support at R425. The 50-day moving average had a nice little positive turn, which indicate that the trend is a lot healthier. If you’re not invested yet and you feel we can see some negativity over the shorter-term (on the ruling) I might just wait for the R474 levels. I’m however already invested and still see my first target as both the 200-day moving average and horizontal resistance at around R600. Should it break through those levels, then both targets set by Deutsche Bank & consensus, could just be on point. Longby SchalkLouwUpdated 1
British American Tobacco (BTI)British American Tobacco closed at R537 after reaching an intra-day low of R513.24 post the Quebec court of Appeal ruling. A test of the 38.2% fib retracement at R565 could be possible. Support can be found around R509.78.by PJVN4
$JSEBTI returned to favor in Jan19BATS was the most Bought company during January 2019 by the Top10 largest General Equity #UnitTrusts in South Africa, with 4 out 10 funds adding to their end of December holding. Looking at the graph and recent price movement, it clearly shows. It recent broken it' s negative short-term trend and now trading above the 50-day moving average (R465.93). One swallow do not make a summer and would I personally like to see it trade above the R495 level before I see the ultra short-term bad patch being broken. Educationby SchalkLouw1
$BTI Double Bottom...TAKE OFF !Double Bottom, Parabolic Buy SAR Just Started, Excellent Accumulation, MAC D Bullish, RSI Bullish, Broke Up through the 50 Day Moving Average and Its a Long Way to the 200 Day Moving Average $$$Longby MilesTaylor470
LONG BRITISH AMERICAN TOBACCOIdea for swing trade Share price consolidating at recent lows Heavy price decline in 2018 due to declining tobacco volume consumption and US regulatory concerns but effectively the risks are pretty much priced in the current share price low PE Company has great profit margin RSI divergence on 1D and 4H chart Atleast 3:1 trade Longby aparshah_18Updated 2
$JSEBTI Busted. Breaking below breakout level. Stop loss hit.Closed this trade with loss last week. This share has been a value trap for investors for a while now with yet another false break.by KoosKanmar3
Looking set to test 475 & 500After two brutal years of sell off British American Tab looks set to test 475 & 500 shortly.Longby KoosKanmarUpdated 5
$JSEBTI Breakout and retestRetesting breakout. Stop loss if we break back into that downtrend.Longby KoosKanmarUpdated 3
BTI - Positive RSI divergencePositive RSI divergence may be signalling short term bottom - waiting for break of downward sloping resistance as confirmation Longby gillybloreUpdated 3
Consolidation 2437-2650Company gained about 1775% since 1996 to 2017 and then it lost about 55% of its price. Now it is being consolidating between 2347-2650. So out of this borders it will just bangby Buckswheat2
Good defensive play for those who wish to be fully investedApproximately one month following the FDA’s menthol announcement, selloff has caused British America Tabacco BATS to drop more than 50% in value from its all time high. Although it's understandable this is concerning for investors, I don't believe it will ultimately have a huge effect even if the ban is passed into law. Although I remain cautious, it has pushed their valuation to an extremely attractive level and presents long-term investors with an excellent opportunity. Tobacco stocks have traditionally held up well during bear markets, and I think British American Tobacco is a good defensive play for those who wish to be fully invested. Longby warrenhochfeld1
THIS IS A GREAT SETUP FOR A BIG MOVE!British American Tobacco (JSE:BTI), is one of the top 5 tobacco companies in the world, owning popular tobacco brands like Palmal, Kent, Lucky Strike Dunhill, Kool, Benson and Hedges, Peter Stuyvesant and Rothmans. With its headquarters in London, BAT has global operations in more than 180 countries. BAT shares are for sale on the London Stock Exchange and have a secondary listing on the Johannesburg Stock Exchange (JSE). BTI has partnerships with more than 90,000 farmers and factories in 42 countries. 9 of the group’s 44 factories are located in Africa and BAT has had a presence in South Africa for more than 100 years. Established in 1976, the factory in Heidelberg is the eighth largest BAT factory in the world, producing more than 27 billion cigarettes a year for local and export markets. The world has become far more health conscious than before and this is evident in the share price movements over the last 2.5 years. E-cigarettes are the key focus of the large tobacco manufacturers but don't seem to be selling quite as well as they would have hoped. I am sure that we can expect innovation from the large manufacturers on the heated tobacco topic but this will definitely not be without it's challenges. It seems the big tobacco companies are strategising around health research that it’s smoke, not nicotine, that causes cancer and associated lung diseases. Part of the strategy will be to develop smaller versions of the Glo Stick with higher levels of nicotine in order to boost sales. Generally speaking, we think that individual smokers will consume fewer cigarettes each and smaller percentages of populations will smoke. While cigarette sales in developed countries continue to decline year-on-year, sustained volume growth is widely predicted in emerging markets, driven by population growth and increasing disposable income. As a result, the overall value of the tobacco market continues to increase. This value is expected to continue growing in the future. The resilience of the industry is underlined by the continued year-on-year net revenue growth, at constant rates of exchange. Let's look at the technicals. Weekly (pink): The steady share price increase on the left of the chart came to quite a sudden stop around June 2016. I am now looking at the corrective structure formation which has unfolded since that point. According to my analysis, we are in wave 3 of the correction. We can see the effort the share price has made to reverse from earlier this year and we may possibly see some upside from this point. It is also a possibility that there will be further decline and wave 3 could lengthen. In the longer term I am expecting price to move back to the top of the weekly structure. Daily (blue): A look at the daily time frame shows a likely structure setup which ties in with the larger perspective as well. This is very likely the start of wave 3 on the daily structure which would also indicate the start of wave 4 on the weekly structure. Both setups have the potential to yield a large move to the upside. H4 (green): As you can see on the chart above, price has just broken out of the H4 correction. This indicates that it is unlikely to have another wave to the downside and that the move to the upside has begun. The chart above illustrates the entry and exit levels that I will be looking at for this trade. Enjoy the freebie! To receive my exact entry and exit levels for all the instruments that I trade, install our mobile app and subscribe to our signal service: www.greenboxmarkets.com Happy Trading! LintonLongby Linton_White224
Having a look at BTI from a short term perspective. Lester Davids, Unum Capital Trading Desk analyst, is having a look at BTI from a short term bounce perspective. The share down R190 over the last month alone. We are looking at 595/605 as a possible level (if we can get it). Looking at 45 to R55 upside. Now at R610.79 on my screen. For those trading in South Africa BTI is not available as a CFD, however you could look at using RNI for your entry. Although RNI does provide access to BTI its not a very good proxy if you have a look at the comparative between the two stocks. Longby MarkWeetman2