Monday 25 November 2024 (Time: 11h04)
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On the back of a the model reading on Friday 18 October (end of day) : "The reward-to-risk is becoming attractive for a small buy/long position", BTI has rallied from R600 to R680
Both the previous long and short side posts are shown below (scroll down for the previous posts)
Below is the reading for Fri 18-October, as mentioned above:
Previous Post: Get Ready To Trade: British American Tobacco
Date: 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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