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Writer's pictureLester Davids

British American Tobacco: Next Best Level of Interest

Monday, 30 September 2024

Time Published: 13h45

Ticker: BTI


  • My model called for a pullback from overbought conditions, citing an unattractive reward-to-risk on the buy/long side.

  • Since then, the share has retreated from R690 to below R630

  • Next Best Probability Entry Range is shown below.



 

Previous Post: Thursday, 05 September 2024

Real-Time: 14h00

Ticker: BTI



 

Previous Post(s)


Real-Time: 10h53

Ticker: BTI


BTI has been a profitable medium term trading opportunity for clients of Unum Capital. At current levels, the high bullish momentum conditions benefit existing shareholders however, it may also be an opportunity to reduce into strength.



As re-iterated on Monday, 29 April:


As discussed in December:




Lester Davids

Analyst: Unum Capital

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