British Tobacco - Smoking Hot🔥- BTi has had a spectacular rally off the longterm consolidation period as its come into favour being a rotation/defensive trade.
- On Friday it broke out to make a new 52 week high (flat top triangle breakout)
- Not much to do but follow the trend with major resistance zone being closer to the R700 mark.
0A76 trade ideas
BTI - Parallel Channel with upward momentumJSE:BTI is trading in a parallel channel and has recently bounced off the bottom on its way up. It is also showing some nice upward momentum. I would say that we are looking at an upward move towards at least the 55000 level if not further up towards the top of the channel.
British American TobaccoBritish American Tobacco (BTI, 52040c) - Equity holders of the share should take cognizance of the long-term technical risk as the price continues to trade near its horizontal support zone at 50880c while currently breaching the incline support in place since the swing lows of January 2019. The aforementioned horizontal support has remained in place since August 2019 while the price has continually developed lower highs. For the value to become apparent, the price needs to clear and hold R575-580. The current structure however suggests persistent weakness and buyers lacking conviction. Monthly chart.
The above is an extract from today's research note, which also includes SHP, CML, SYG, ANG and AMS (local) as well as AMZN, AVY, HPE, NXPI, MTH in the US.
Also included are 6 ETFs which have caught my attention.
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BTI for possible short (jse BTI) I've been Watching this market for months now posted it on the JSE sub on reddit talking about a possible collapse of the stock something like what happened to steinhoff but I quickly got hate... But I stick to my guns and still say this stock could collapse am gna be buying put options as soon as monthly candlestick closes... Come join us if you see it too
JSEBTI - Range Trade Idea- Price is bouncing off the bottom of the range with a oversold stochastic...
- The defensive BTI favours a weaker ZAR
- Buying on any pullbacks to R528 zone
- Looking for a move towards the top of the range
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
BTI: more downside potential?A bearish trend is supported by a price action below 55300.
Downside price momentum supports the bearish trend.
Remains below its 200-day simple moving average.
MACD crossover supports a change in trend direction to bearish.
RSI leaves enough room for further downside price potential.
BTI short naked putDividend stock
Into strong DBD demand with strong imbalance
Stacked demand
Proximal Blue demand tested once, this is 2nd test
Would like to own BTI at 33, but seems it will never get there, so will sell puts until it does.
Sold 35 strike below distal low, Sep 17, 38 DTE from yesterday, for 8.23% AROI
British American Tobacco PlcI've noted this previously in my research report (21-March, see related), but we may be seeing a failed head an shoulder technical formation unfold, which could lead to higher prices.
Since the company's trading update, the the price action has improved, with the first minor trend line extending back to 23 March having been breached.
The big level is R570, which will also be a breach of the 50-week EMA.
This is more of an equity portfolio idea than a short term trading one. Currently trading at R558, but if it weakens to be R530 then i''ll consider it temporary failure.
Possible Swing trade for $BTI if it hits $35$35 seems to be a strong support level for British American Tobacco, will be looking to sell some puts or go into a long position if it falls to $35 and below. Also earnings at approximately $4 per share will provide great support as it will be trading at p/e of 8.75 which is extremely cheap for a global consumer defensive business growing at 2-3% EPS. Additionally as its a UK based stock listed as an ADR in the United states, there would not be the usual 30% US withholding taxes on BTI's dividends which improves its overall total return profile.
Total expected return (1 year time frame if it returns to 15X EPS multiple)
= 8% ($3 per share dividends) + 3% EPS growth X 66% (possible revaluation tailwind if revert to 15X multiple) = 79% total annualized return
Total expected return (5 year time frame if it returns to 15X EPS multiple)
= 8% ($3 per share dividends) + 3% EPS growth X 11% (possible revaluation tailwind if revert to 15X multiple) = 22% annualized CAGR return for next 5 years
JSEBTI - LONG Idea British Tobacco- BTI ended yesterday with a nice bullish engulfing candle, possibly a reversal zone for the recent leg down
- Stochastics are oversold and price is at a horizontal support zone
- Possible targets are R556 then the top of range at R580
- Failure below the R507 swinglow will be viewed as bearish
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.