BTI is at the bottom of a long term support line. Weekly and daily stochastics are overbought. Pure swing trade, or dividend play for longer term investors. FDA approved 3 e-cigarette products. Should they succeed in reinventing themselves this sleeping bear might just awake.
We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
I've been Watching this market for months now posted it on the JSE sub on reddit talking about a possible collapse of the stock something like what happened to steinhoff but I quickly got hate... But I stick to my guns and still say this stock could collapse am gna be buying put options as soon as monthly candlestick closes... Come join us if you see it too
- As per the previous post for a range trade on BTI, price has now reached the 200 day moving average, next level is R564 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. Initial idea in link below
- Price is bouncing off the bottom of the range with a oversold stochastic... - The defensive BTI favours a weaker ZAR - Buying on any pullbacks to R528 zone - Looking for a move towards the top of the range -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
A bearish trend is supported by a price action below 55300. Downside price momentum supports the bearish trend. Remains below its 200-day simple moving average. MACD crossover supports a change in trend direction to bearish. RSI leaves enough room for further downside price potential.
Dividend stock Into strong DBD demand with strong imbalance Stacked demand Proximal Blue demand tested once, this is 2nd test Would like to own BTI at 33, but seems it will never get there, so will sell puts until it does. Sold 35 strike below distal low, Sep 17, 38 DTE from yesterday, for 8.23% AROI
Have been establishing a position in BTI. Looks to be approaching value levels. Adding here as per chart with potential for it to break to the upside soon. ** NOT TRADING ADVICE **
If the stock was falling, the Dividend Yield would become 8% - Would that become an early Christmas gift!
Due for possible breakout to 40USD
I've noted this previously in my research report (21-March, see related), but we may be seeing a failed head an shoulder technical formation unfold, which could lead to higher prices. Since the company's trading update, the the price action has improved, with the first minor trend line extending back to 23 March having been breached. The big level is R570,...
$35 seems to be a strong support level for British American Tobacco, will be looking to sell some puts or go into a long position if it falls to $35 and below. Also earnings at approximately $4 per share will provide great support as it will be trading at p/e of 8.75 which is extremely cheap for a global consumer defensive business growing at 2-3% EPS....
- BTI ended yesterday with a nice bullish engulfing candle, possibly a reversal zone for the recent leg down - Stochastics are oversold and price is at a horizontal support zone - Possible targets are R556 then the top of range at R580 - Failure below the R507 swinglow will be viewed as bearish -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion...
Monitor price action around the R520 level for a reversal. Look for a bounce back to the 50 or 200dma. Ideas are my own and not financial advice.
IMHO, NOT AN INVESTMENT ADVICE.