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.
BATS 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...
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 $$$
Idea 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
Company 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 bang
Approximately 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...
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...
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...
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...
BTI is trading at 1.25 book value and IMO it should go to the .618 % and trade near the 75% of it book value which is 36.91. So I would go for the the 32-28 TGT price.
