BAT 4162 MYX Is it the Begining of the Move...Study...based upon Volume Price Spread Analysis and Momentum
BAT has shown Breakout.
Close: 14.40
EP: 14.68 and Below
SL: 12.67
TP: 15.30 and Open
Disclaimer: This study does not constitutes Buy/Sell per say. Please consult your financial advisor before making any trading/investing decision
BAT trade ideas
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.
BAT STOCK PICK FROM EXPERT 040120212021 STOCK PICK FROM EXPERTS
PURPLE LINE = STRONGER SUPPORT
RED LINE = MINOR SUPPORT
Disclaimer:
Please be informed that above analysis are solely for education purpose; it is neither a trading advice nor an invitation to trade. For trading advice, please speak to your remisier or dealer representative.
You are responsible for your own risk management Do Your Own Due Diligence
<TradeVSA> KLSE Counters - Budget 2021PPE
1. Komark
2. Notion
3. Prolexus
4. Caely
5. Nova Wellness Group
COVID Test Kits
1. Hong Seng
2. ACO
3. Nexgram
Infrastructure
1. MMC corp
2. Gamuda
3. George Keng
4. Gabungan AQRS
5. Pansar
6. Bina Puri
Telco
1. Telekom
2. Maxis
3. Digi
4. Axiata
Property Development
1. Eco world
2. SP Setia
3. Sime Darby
4. IOI Properties
5. Mahsing
6. Titijaya
National Sovereignty
1. Destini
2. Boustead Heavy Industries Corp
Technology
1. INARI
2. Vitrox
3. UMC
4. All of whom located in batu kawan industrial park
Buses
1. KTB
2. GETS
cigarettes
1. BAT
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> Change in Trend in BAT & BAT-CWStrength in the chart:
1. Climatic volume after downtrend
2. Confirmation on reversal
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock