BAT has broke out of the $0.23 previous high very strongly.
It is now starting to pull back after reaching a high near $0.31.
A great buying opportunity would be at around the $0.23 area. This area is a VERY strong support level since it coincides with the following:
1) Previous breakout level (which now turns into support).
2) The uptrend support (if it dips there before 7-April-2019).
3) The 61.8% Fibonacci level.
I expect this support level to hold. As always, a stop loss shall be placed. The stop loss should be at $0.215 (<7%).
It is now starting to pull back after reaching a high near $0.31.
A great buying opportunity would be at around the $0.23 area. This area is a VERY strong support level since it coincides with the following:
1) Previous breakout level (which now turns into support).
2) The uptrend support (if it dips there before 7-April-2019).
3) The 61.8% Fibonacci level.
I expect this support level to hold. As always, a stop loss shall be placed. The stop loss should be at $0.215 (<7%).
