Trend changing?
On the big picture we can see we have broke an important trendline .
On the daily we can see we are consolidating in a triangle above the 200 day EMA with 13.7 being a key area for a breakout. We have the RSI in the bullish zone as well.
Company has good things going for it such as increasing free cash flow and legalization of weed as they have a big stake on OGI , a Canadian weed company. While the trend of cigarette use may be headed down that may be priced in for the most part and this company will be making some interesting moves.
It is also important to note that on the NYSE BAT has broken bullish in a sideways consolidation period .
This can be a great long term swing trade opportunity while collecting dividends . If we break out of the triangle and hopefully the long-term channel.
On the daily we can see we are consolidating in a triangle above the 200 day EMA with 13.7 being a key area for a breakout. We have the RSI in the bullish zone as well.
Company has good things going for it such as increasing free cash flow and legalization of weed as they have a big stake on OGI , a Canadian weed company. While the trend of cigarette use may be headed down that may be priced in for the most part and this company will be making some interesting moves.
It is also important to note that on the NYSE BAT has broken bullish in a sideways consolidation period .
This can be a great long term swing trade opportunity while collecting dividends . If we break out of the triangle and hopefully the long-term channel.
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.