Buy British American Tobacco - Holy Smokes BATSman!

Buy British American Tobacco (BATS)

British American Tobacco p.l.c. is a holding company. The Company is a multi-category consumer goods company that provides tobacco and nicotine products. Its Potentially Reduced-Risk Products (PRRP) include vapour, tobacco heating products (THP), modern oral products including tobacco-free nicotine pouches, as well as traditional oral products such as snus and moist snuff.

My 11-year daughter is so against any form of smoking, she’d disown me if she knew I was recommending tobacco stocks! She’s doesn’t mind spending all my profits though!

Market Cap: £78.06Billion

Tobacco stocks used to be investments you could set your watch by, producing steady income for investors year on year. The world has become a lot more health-conscious in recent years and the use of tobacco has become very uncool! This has been reflected in the price of stocks like British American Tobacco and Imperial Brands as they lost close to 60% from their 2017 highs. The price of BATS has consolidated in recent weeks and looks to have formed a bottom pattern on the daily and weekly charts on the break above 3222p. The short-term momentum is strong, and a bullish flag has formed on the daily chart . This is a bullish continuation pattern and suggests further upside will be seen in the short to medium term.

Stop: 3145p
Target 1: 3650p
Target 2: 4000p
Target 3: 4250p

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