Here we see BATS on the daily, there are three factors indicating the price may have found a bottom...
1) The RSI has formed a divergence, the RSI MA has hit the oversold 30 bar (which is a rarity).
2) The MACD has had a crossover, albeit in the lower half.
3) the share price has hit a key level, in it being the major resistance level prior to the breakout in 2021.
Also, let us note that BATS has a "buy" rating, and price target of £35 to £41, and is currently yielding over 8%.
Obviously there might be something happening with the company behind the scenes, but I think that is unlikely as we can see insiders have been doing nothing but buying...
lse.co.uk/DirectorsDeals.asp?shareprice=BATS&share=British-American-Tobacco
Therefore, if I had sold out, which I should have done at £36, I would more than be happy buying back in now. However I didn't sell any, as my average was only £28, so I will top up on this drop and more so if we are lucky to see £26 again.
Thanks!
1) The RSI has formed a divergence, the RSI MA has hit the oversold 30 bar (which is a rarity).
2) The MACD has had a crossover, albeit in the lower half.
3) the share price has hit a key level, in it being the major resistance level prior to the breakout in 2021.
Also, let us note that BATS has a "buy" rating, and price target of £35 to £41, and is currently yielding over 8%.
Obviously there might be something happening with the company behind the scenes, but I think that is unlikely as we can see insiders have been doing nothing but buying...
lse.co.uk/DirectorsDeals.asp?shareprice=BATS&share=British-American-Tobacco
Therefore, if I had sold out, which I should have done at £36, I would more than be happy buying back in now. However I didn't sell any, as my average was only £28, so I will top up on this drop and more so if we are lucky to see £26 again.
Thanks!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.