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LD_Perspectives

Caution: British American Tobacco - Three Falling Peaks

BRITISH AMERICAN TOB PLC (JSE:BTI)  
LD_Perspectives  
JSE:BTI   BRITISH AMERICAN TOB PLC
Trend Analysis Chart Patterns Technical Indicators
3
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trendanalysis chartpattern indicator
May-16 to Nov-17 saw "Three Falling Peaks" develop. During the month of August we saw a re-test of the underside of a long term top with the price now testing the incline support going back to May 2009. Valuation "attractive" but there may be better entries at lower levels. Caution on a break of the upward trend line. 50-month moving average starting to lose upside momentum.
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