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Shauns_Trading

BATS: More downside to come?

BRITISH AMERICAN TOBACCO ORD GBP0.25 (LSE_DLY:BATS)  
Shauns_Trading  
LSE_DLY:BATS   BRITISH AMERICAN TOBACCO ORD GBP0.25
Chart Patterns Trend Analysis Technical Indicators
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Here we can see that, although weak, the BATS is not yet recovering, and seems to be stalling.
If there was demand we should have seen a good V shaped recovery, perhaps this is a bounce off of some buy orders, and once these have dried up, a drop to the next lot? The MACD Seems to be in a channel.
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