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Shares / British American Tobacco ST: the upside prevails as long as 77070 is support
« on: November 16, 2015, 09:43:50 am »
Pivot: 77070
Our Prefernce: the upside prevails as long as 77070 is support.
Alternative Scenario: the downside breakout of 77070 would call for 71955 and 70426.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 74968.5 and 73504.46). British American Tobacco is currently trading near its 52 week high reached at 77505 on 08/10/15.
Our Prefernce: the upside prevails as long as 77070 is support.
Alternative Scenario: the downside breakout of 77070 would call for 71955 and 70426.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 74968.5 and 73504.46). British American Tobacco is currently trading near its 52 week high reached at 77505 on 08/10/15.