BTAFF trade ideas
will support hold on BTI the market is currently in an ascending channel and is testing the support of the pattern, the market has history of finding value when it tests this level , to confirm bullish continuation we can use the smaller time frame look for supporting patterns like bullflags etc, if the market fails to close above support it might signal further selling pressure
BTI - Area of interest - After trading the bearish breakdown on British American Tobacco, it has returned to a level of interest where it could find some support and have a bounce up towards R580 ↗️( mean revert) . Below R490 will indicate further weakness ↘️
- Looking for a bullish daily candle close.
- Trendline indicates support and stochastics are oversold.
Previous trade in link below...
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Knock out some exposure to the UK & pickup this 8% Dividend
Interesting stat is that 14% of the British Smoke and about 14% of Americans also smoke.
Quitting this habit was hard! But I'm all for supporting the 53,000 people working hard here paying out a 8.08% Dividend!
ROE 9%
ROA 4%
ROI 6%
Moving average is sloping down however price potentially bottomed here in the price action, and selling volume increased, but volume dropped today.
I think we found support here. I hope so because I longed this today.
P/E 9.51 (great value)
Debt/Eq 0.73 (Moderate debt largely LT)
P/FCF 12.06 (very good)
Gross Margin +83%
Net Margin +24%
Institutions Own 6.6%
Insiders Own 4.6%
53,000 Employees
Range breakout British American TobaccoBritsh American Tobacco
The share has been trading in the R708-R494 range since 2019. The share has been trending downwards towards the bottom of the range, before pausing first in the R600-560 range. It recently tested the 50 week EMA, and it held well as resistance. If we break below the R560, more so below R543 (3% below the support). We could see some more pressure on the share targeting the R494 levels.
Trading plan: villagetrader.co.za
BATS - just keeping an eye on this oneThanks for viewing,
Sorry guys, I'm still forming an opinion on this one.
There is a nice multi-year base in place. Multiple coincident zones just below the base, but the wave count is a bit hard to work out. I'm just doing this to keep an eye on it.
BTI - Bearish Break- Price action indicating further weakness in this share.
- Targeting R510 area
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
BTI READY FOR A BREAKOUT?BTI has been disappointing with its sideways move. It is now at the top of the channel and I am hoping for a break to the top. On the other hand the top of the channel could be a resistance and it may continue its downward trend.
BTI holding a floor at R560. British American Tobacco is essentially a cash printing company. The big downside risks are regulation and reduction in tobacco use. I fully believe big tobacco firms will be able to capture a good amount of the vaping market over the next 3-5 years. In the meantime though the share price is at a ridiculous discount. and it is an excellent dividend payer. Solid solid solid financials and a real bargain for those seeking stable returns and also a 2 month trade plan.
Buy to hold long term under R561. Enjoy excellent dividend (quarterly) Sell at ~R640 if it gets there before October ends and wait for another entry. Stop loss R525.
BTI, Great potential for swing or long term hold .I really like BTI .
In my opinion, a nice long term investment opportunity but also a good swing. My plan will be to take out my initial investment around my target and hold my remaining shares longer term as we are trading around 2010 levels right now and are also below book value .
I am especially happy with the advance/decline line here too which strongly supports an uptrend.
Some fundamental metrics that stand out ( make sure you look at all of the other ones too though ) :
Book/share : 39.51 (P/B :0.85)
P/E : 9.38
Dividend % 8.10%
Put/Call ratio is 0.81 , so not amazing but still considered bullish .
