Trade British American Tobacco with Unum Capital.
To get started, email lester@unum.co.za
Clients who have held BTI had done well. The original setup for the share was published just over a year ago at R531, with a strong rally seen over the course of 2024. This was followed by a pullback, upon which clients were alerted to a re-entry (See Note Below: Get Ready To Trade). Entering the current data, this is what the model now states:
What is the short-term price trend for British American Tobacco? The short-term trend is bullish with high momentum, approaching overbought territory.
What is the medium-term price trend for British American Tobacco? The medium-term trend is very strong and bullish. Buyers are in control, but don't chase the price. If it fails to hold the highs, the 8-EMA may be a short-sell target.
What is the long-term price trend for British American Tobacco? The long-term trend is also bullish. Aggressive buying is present, but don't chase. Look for an overshoot or failure to hold prior session range highs to short-sell back to the 8-EMA.
Previous Post: Get Ready To Trade: British American Tobacco
Monday, 07 October 2024
Time Published: Pre-Market
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 R610
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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