Punting a swing trade on BAT
Looking at this longer term analysis on BAT,
We've seen a sustained downtrend in the past few months, HOWEVER,
Price point for entry is starting to become favourable
- RSI and MACD divergence detected
- Price is testing the trending support line
Watching for volume and a possible reversal.
Buy volume needs to come in, followed by two main requisites
- Break past previous support (new resistance) at 2160 sats
- Sustain volume past the 50MA
We've seen a sustained downtrend in the past few months, HOWEVER,
Price point for entry is starting to become favourable
- RSI and MACD divergence detected
- Price is testing the trending support line
Watching for volume and a possible reversal.
Buy volume needs to come in, followed by two main requisites
- Break past previous support (new resistance) at 2160 sats
- Sustain volume past the 50MA
Note
are we on track to building a stable base of support? :)
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