It seems the BAT is attempting to break through the major resistance trendline in the midst of a rising wedge. If BAT can't make it back over the major resistance I see more downside, possibly drifting back down to bounce off the support line from December.
I trade BAT for fun. This is not financial advice.
Note
BAT broke out of the rising wedge and did a weakish bounce off the trendline.
Note
We broke the trendline. Targets from .20 to .185 open
Note
We bounced back up and hit the trendline and it was immediately rejected.
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.
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.