BAT has been in this channel for over two months now. This trade is based on the idea that BAT will follow this channel in the coming 2-3 months. My view is that BAT will first have to move down towards the channel support, which leads to a bounce upward. Potentially, this bounce could lead to a new all-time-high in the future.
Entry: 0.9
Targets: 1.2 - 1.4
Stop-Loss: 0.75
Happy trading!