Price Action is the Only TruthAt the western markets, the stock is mimicking each other. We also have a 535 zigzag here. The AB wave is done and we are anticipating a drop to complete the C wave.Shortby KatlehoThabaPublished 0
BTI DropThe stock, across 3 listed markets, is showing weakness. Can this just be a coincidence, i don't think so. The drop is inevitable. Here we are anticipating a 535 zigzag correction, we already have the AB leg and anticipate a drop to complete the C wave. The truth is price action.Shortby KatlehoThabaPublished 1
Drop inevitableBTI is playing out bearish patterns in all its listed markets. We are in what is likely to be a 335 expanded flat correction. We got the first 2 legs and we are anticipating a 5 wave drop to complete the C wave of the correction. The truth is price action.Shortby KatlehoThabaPublished 1
BTI - ShortWith today's price action we have been triggered short on JSE:BTI . If this momentum continues and it breaks through the 665 level, we could see it reaching our target at around the 600 level.Shortby RossLarterPublished 3
BTI longThe share has bounced nicely off the 50-day moving average and this opens it to a move towards R725.55.Longby tafaratsokaPublished 2
BTI at an area of valueJSE:BTI setting for a long opportunity, note resistance on a higher time frame. NYSE:BTI has been playing around this level for a while now, close above R714 trigger a long position. However, a clear bullish setup is above R730, where it'll have cleared the R720-ish resistance level that's on the weekly time frame. R714 is like a low cheat entry, in anticipation to a breakout above R730. It can fail, manage risk accordingly. Longby Trend_Trader_JSEPublished 1
BTI looking good for a shortThe Stochastic, MACD and the 3 and 15EMA's have all crossed downwards on JSE:BTI which are all good indications of a possible short position. If it breaks lower than the opening of this morning, I will enter short.Shortby RossLarterPublished 2
BAT (BATS.l) bearish scenario:The technical figure Rising Wedge can be found in the UK company British American Tobacco plc (BATS.l) at daily chart. British American Tobacco plc is a British multinational company that manufactures and sells cigarettes, tobacco and other nicotine products. The company, established in 1902, is headquartered in London, England. As of 2019, it is the largest tobacco company in the world based on net sales The Rising Wedge has broken through the support line on 06/07/2022, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 27 days towards 3 194.00 GBp. Your stop loss order according to experts should be placed at 3 645.00 GBp if you decide to enter this position. The board of British American Tobacco p.l.c. has announced that it will be increasing its dividend on the 17th of August to UK £0.54. The announced payment will take the dividend yield to 6.0%, which is in line with the average for the industry. While it is always good to see a solid dividend yield, we should also consider whether the payment is feasible. The last payment made up 73% of earnings, but cash flows were much higher. This leaves plenty of cash for reinvestment into the business. The next year is set to see EPS grow by 11.5%. Assuming the dividend continues along recent trends, we think the payout ratio could be 69% by next year, which is in a pretty sustainable range. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or lossesShortby legacyFXofficialPublished 1
BRITISH TOBACCO - Monthly Observation British Tobacco is one of the few charts that is still printing green candles on the monthly and holding up in these volatile markets Chart remains sold while we keep closing above R650 on the monthly time frame. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. by Trader-DanPublished 3
British Tobacco- Trade UpdateBti reaches a swing high after launching from the accumulation zone mentioned on the 14th Apr Now to see if momentum continues, we could possibly consolidate here before the next leg . Previous link below -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. by Trader-DanPublished 2
BTI at make or break it area if we break back below recent trend resistance we can easily dump back to extreme support zones, in this scenario we can target 39.12-36.71-34.31 But if we use resistance as support and bounce we can target 43-44 Shortby Vibranium_CapitalPublished 1113
BTI - Accumulation zone - While BTI remains above R600, im looking to accumulate for an upside leg - Defensive stock and great dividend payer -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. Longby Trader-DanPublished 4
BTI - LongJSE:BTI is showing signs for a potential long position. If triggered, we can potentially see a move to the R66 level.Longby RossLarterPublished 3
BTI - Attempting a short hereEntered a long trade a while ago after it broke the trading range. Now BTI traded into the range where I am entering a short position for a pullback. My target for the short is 62500 with a tight stop loss.Shortby TraderT1307Updated 3
AG Capital -Storm trading Morning Call 14 March 2022We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.03:04by Mike_LedwidgePublished 2
BTI setting up for a short?JSE:BTI has had a great run. Currently at a resistance level, and trading lower for the week. Red close for the week might open a window for a short trade targeting the recent breakout level, R590-ish region.by Trend_Trader_JSEPublished 1
BTI - Heading downwardsWith today's strong downward move, JSE:BTI is looking good for a short. The three momentum indicators are confirming this move.Shortby RossLarterPublished 1
looks ready to break back above, on the watchlist next week 🦉 46.62-47.79 was a strong support area for BTI during 2012-2018, now after 3-4 years of consolidation it looks like its ready to break back above?! If it does break back above look for a rally to 54.34-65.71-77.08 like and follow for more! 💘Longby Vibranium_CapitalPublished 2214
BTI Weekly Technical AnalysisBTI Weekly - EDUCATIONAL only - Support, Resistance, Trend Lines , Clusters, Fibonacci Extension, Pitchfork - Hope it Helps, Good Luckby BahamasXPublished 227
BTI: corrective pattern next?Below 67600 supports a bearish trend direction. Downside price momentum supports the bearish setup. RSI is overbought - increasing the likelihood of a throwback. Trend strength also indicates a strong trend that precedes a correction. Correction might only be temporary. Shortby Peet_SerfonteinPublished 112
British American Tobacco OUTLOOKLet's start from the fact that we all see a diamond shape (reversal pattern) in the bottom after major drop from 2018. Most popular target for BTI is just above $50 where mid-term supply zone is. Confident growth of the last two months hints at the prospects for an upward exit from the three-year side-trend. The main risk is the high debt level. The ratio of debt to assets of the company is 54%, which is significant, but not deadly. As the US enters a cycle of tightening monetary policy and raising the Fed's rate, bond quotes are falling to match key rate forecasts in yields. The stock market as a whole is also declining to provide a risk premium over notional risk-free US Treasuries. But repricing affects individual stocks differently. January showed growth stocks reacting more negatively than stocks with strong cash flows and high dividends. The S&P 500 has lost more than 4% since the start of 2022, with British American Tobacco shares gaining more than 15% in value. Shares are generating a high dividend yield of 6.9% per annum, higher than the industry average of 3%. BTI does not look overbought, with EV/EBITDA of 9.44 versus an industry average of 8.53, and a P/E of 9.35 versus an industry average of 14.59 BTI can play a role of a defensive asset, can be in high demand against the backdrop of another wave of market decline. by fractPublished 119
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. by Trader-DanPublished 4
BTI - Breaking out?Looking for a hourly break and close above 59100 to enter a long position, and hopefully will have a daily close above 59100. BTI has been range bound since October 2020 and might finally break out of the trading range. My target for now will be 64000.Longby TraderT1307Updated 332