Trade British American Tobacco with Unum Capital.
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The medium term outlook notes the share having reached multi-month highs, followed by a pullback and a short term rebound. The candle structure continues to reflect medium term distribution with potential for further selling pressure and a potential re-test of the trend line extending back to April 2024 swing lows. Provisional next best actionable area: 50-WEEK / 200-DAY SMA [R665 - R677].
Lester Davids
Analyst: Unum Capital
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