JSEBTI - MonthlyJSE:BTI
- Trend is still down
- Favouring short setups (active trade)
- USD weakend against the ZAR which will affect the hedge stocks
0A76 trade ideas
BTI - 200-Day MA Upward ShiftTechnically, something to note - since 09-Sept (green shaded area) the 200-day simple moving average has started to turn higher. Share remains within sideways channel.
BRITISH AMERICAN TOBNot yet matured enough as there arent much confirmations for the sell but I expect a drop to wave (v).
JSE:BTI British American Tobacco Markdown Set to Continue We have been waiting for volume to indicate the markdown is set to continue (See link to the analysis below). After a significant bar with volume I am now expecting the markdown to continue.
BTI - British Tobacco (WAITING PATIENTLY!)- Possible trade lining up here, be patient and wait for the break to confirm .
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Short BTIBTI has consistently found resistance at the 200EMA ,short BTI in anticipation of another leg down.
JSE:BTI British American TOB Reaching OverboughtBTI has undergone distribution, a backup to the TR and is busy with a markdown. Since the beginning of 2019, it looks like a redistribution TR is taking place. Now price is approaching the overbought line. There is negative divergence with the volume RSI indicating a continuation. Will be looking some supply volume to push the price further down.
$JSEBTI - Forming a nice little uptrendBTI is seemingly forming a nice TL and is looking bullish over the longer term. Still offering a good yield at these levels.
$JSEBTI - Fills the gap. #BTI fills the gap and simultaneously breaks minor downtrend. Hopefully continues move upwards.
British Tobacco - Confirmed Bullish Break After finding a firm base around the R 500 levels , BTI is set to stage a comeback.
Interesting name to watch , looking for a firm break above the R 550 levels.
Time to get excited !
$JSEBTI - Targeting 600+ Weaker ZAR beneficial to our Rand hedges. BTI has now broken another small downtrend and looks to be headed towards 612ish.
$JSE-BTIJSE:BTI
After initial and strong move up, $JSEBTI was consolidating is something that looks as bull flag.
Today we had strong break out on big green bar.
Target for this move according to AB=CD is around 68000.
BRITISH AMERICAN TOBACCO (BTI) 4-HOUR TIMEFRAME LONGThis stock has just broken out of a descending channel (bullish flag pattern), and is rallying towards the weekly descending trendline. Therefore, we should see much upside towards the 58 000-60 000 are. The technicals of this trade are as follows:
STOP LOSS: 52 000
TARGET: 60 000
Looking interesting - caution whilst below 200day SMALooking interesting - caution whilst below 200day SMA
Waiting for an EntryThe Trend is still down for Now on BAT
I will be looking at buying some in the Green Pivot Extension or getting Short in the Red pivot extension
Bearish retest here is my guess the flag looks like a nice scalp if you want to take the chance
BRITISH AMERICAN TOBACCO (BTI) 4-HOUR TIMEFRAME SHORT The share price for British American Tobacco (BTI) has been moving in a descending channel on the daily timframe, as evidenced by lower highs and lower lows. The price has just broke out of a corrective ascending channel (counter trend) on the 4-hour timeframe and came back to retest the previous-support-turned-resistance at the price level of 57730. I expect prices to trickle down further, if they do not create higher highs and higher lows, and the possible targets are:
Target 1: 50 720
Target 2: 43 856
$JSE-BTIJSE:BTI
Testing previous low as well as moving averages.
Currently making small hammer.
If it stays like this potential long with stop loss bellow today's low of the day and first target at 61000.
There is gap lower that potential can be closed so be careful about that.
BTI - Pending Short/Sell Yesterday morning we closed a short term trade on BTI for a profit however I believe that there may be another opportunity to re-enter the trade should certain levels be emerge. The last close was at 57987c however should we see a print back above 59500c, traders could look to once again short/sell in anticipation of a continuation of the short term downward trend. In terms of the technical drivers, the momentum is trending lower, while the RSI has printed a bearish divergence.
$JSEBTI and the dreaded Canadian rulingSo, the Canadian court ordered British American Tobacco PLC ( LSE:BATS ), Philip Morris International Inc. ( NYSE:PM ) and Japan Tobacco Inc. ( TSE:2914 ) to pay $12.5 billion in damages to Quebec smokers after a 17-year legal battle, in the latest case to shock the global tobacco industry. This could see BATS needing to fork out about $8bn, which clearly won’t be good for the company. Just remember the saying: “BUY ON RUMOUR, SELL ON FACTS”. Although this is not good for the company, it was to certain extend, expected and a lot priced in.
What do the big financial houses think? Deutsche Bank restated their buy rating on shares of British American Tobacco Plc ( LSE:BATS ) in a research report sent to investors on Friday (1 March 2019). Deutsche Bank currently has a £4,000 price objective on the stock, which implies an upside of 40% from current levels. Other broker forecast and dates forecasted, includes:
01/03/2019 Broker: JP Morgan Rating: Overweight Old Target: £4200.00 New Target: £4000.00 Maintain
01/03/2019 Broker: Goldman Sachs Rating: Buy Old Target: £4860.00 New Target: £4910.00 Maintain
01/03/2019 Broker: UBS Rating: Buy Old Target: £4000.00 Maintain
28/02/2019 Broker: Liberum Capital Rating: Buy Old Target: £2795.00 Maintain
26/02/2019 Broker: Bernstein Rating: Market Perform Old Target: £2950.00 New Target: £3210.00
Thomson Reuters consensus also currently got a BUY on $BATS, with a target price of £3482 (22% higher compared to current levels).
This (the £4000) relates to a local $JSEBTI target price of R751. Thomson Reuters consensus currently got a target price on $JSEBTI of R779.53.
Looking at the longer-term graph, $JSEBTI did enjoy a nice little bounce off its 10-year resistance line in January 2019 and since then enjoyed quite a bit of momentum. Results was very good on Thursday, which saw the share price run a further 4.73% on Friday (1 March 2019). Over the short-term, according to its RSI, it could be somewhat overbought. Should we see negativity on the Canadian ruling, we could see BTI find support at its 50-day moving average (R474), with its long-term trend line then acting as a crucial resistance/support at R425.
The 50-day moving average had a nice little positive turn, which indicate that the trend is a lot healthier. If you’re not invested yet and you feel we can see some negativity over the shorter-term (on the ruling) I might just wait for the R474 levels. I’m however already invested and still see my first target as both the 200-day moving average and horizontal resistance at around R600. Should it break through those levels, then both targets set by Deutsche Bank & consensus, could just be on point.
British American Tobacco (BTI)British American Tobacco closed at R537 after reaching an intra-day low of R513.24 post the Quebec court of Appeal ruling. A test of the 38.2% fib retracement at R565 could be possible. Support can be found around R509.78.
$JSEBTI returned to favor in Jan19BATS was the most Bought company during January 2019 by the Top10 largest General Equity #UnitTrusts in South Africa, with 4 out 10 funds adding to their end of December holding. Looking at the graph and recent price movement, it clearly shows. It recent broken it' s negative short-term trend and now trading above the 50-day moving average (R465.93). One swallow do not make a summer and would I personally like to see it trade above the R495 level before I see the ultra short-term bad patch being broken.
