BAT is in a quite desperate situation when its prices have continuously decreased since September. However, we are approaching the support zone at 1600-1650sts, which is the starting point of BAT's super strong pump to 3400sts in September 2019.
So here we can buy with the stop loss below 1550sts, the risk is quite low and if we hit the stop loss we would wait to buy BAT back in the 1350-1400sts zone, there exists a considerable buying force.
So here we can buy with the stop loss below 1550sts, the risk is quite low and if we hit the stop loss we would wait to buy BAT back in the 1350-1400sts zone, there exists a considerable buying force.
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