BTI - Parallel Channel with upward momentum

By RossLarter
Updated
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.
Trade closed: stop reached
ALSIbritishamericantobaccojssouthafricaTrend AnalysisZAR
RossLarter
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