Jump to content

British American Tobacco

Recommended Posts

@MercuryI was put in mind of going short after reading an article about Juul in the U.S. being banned from selling sweet flavoured vapes.  Pretty soon they might only be able to sell 'tobacco flavoured' vapes, which teenagers and young people will hate.  :D

Share this post


Link to post

OK I get the reasoning and it will most likely trade lower at some point but my challenge is twofold: firstly that the bulk of the bearish move is over; secondly the current retrace is complex, which is more difficult to trade out of.  Therefore the risk/reward is not a good as other stocks, say J&J or Boeing, which you are also looking at.  Same reasoning as for GE if you recall.  If you are going to take the risk to Short a stock better to go for the bigger rewards.  Catch a wave 3 down and you can ride it a long way in trend follower mode.

  • Like 1

Share this post


Link to post

as it did between 2012 & 2016 , I can see this one just bouncing around between blue & red

Capture bats.PNG

  • Like 1

Share this post


Link to post

Will be interesting to watch on Wednesday.

bats.thumb.jpg.b6623e73d0623a565c7c006fd746adc8.jpg

Share this post


Link to post
Quote

BAT says U.S vaping slowdown will lead to slower growth in e – cig business

 

What do they have left?  Vaping was the only thing that could possibly save them.  Perhaps a move into cannabis.  But that's dying on its **** too.

bats.thumb.jpg.733460488d36a4cbc0f42890577da206.jpg

  • Like 1

Share this post


Link to post

This is a very bullish engulfing candle with a shaved bottom :D

BATS-Daily.thumb.png.c29414bea9e14d20be03219db5688f6e.png

Share this post


Link to post

How is this possible, though?  E-cigs sales are slowing down and being threatened by regulation, cannabis hasn't taken off yet, and far fewer people are smoking.  Except maybe in India and China?

Edited by dmedin

Share this post


Link to post
45 minutes ago, dmedin said:

How is this possible, though?  E-cigs sales are slowing down and being threatened by regulation, cannabis hasn't taken off yet, and far fewer people are smoking.  Except maybe in India and China?

looks like it's getting a push from Yahoo Finance;

image.png.3778ee697d957a6a32715f2b8cc78ec5.png

  • Great! 1

Share this post


Link to post

 

23 hours ago, dmedin said:

Up, up and away! 🥳

887740118_BritishAmericanTobaccoPLC(LSE)_20191202_10_20.thumb.png.8c7246bb7a7790c5cddfb129b2bd5442.png

I'm sure you've seen it this morning but it's now heading down. This is on the hourly time frame though so could recover for the day. Do you think this will recover or continue down?

image.png

  • Like 1

Share this post


Link to post

@CharlotteIG It's interesting, some of the FTSE 100 and 250 stocks seem rather volatile just now.  Probably best to day trade them and close out positions before 16:30

  • Like 1

Share this post


Link to post
1 minute ago, dmedin said:

@CharlotteIG It's interesting, some of the FTSE 100 and 250 stocks seem rather volatile just now.  Probably best to day trade them and close out positions before 16:30

If they are too volatile and you hold the FTSE outside of 08:00-16:30 the spread will widen so that's a good strategy. Further to this, you can't watch the market through the night. I guess you could have your stops and limits in place to secure you but it's whatever works with your strategy. 

For FTSE all GMT: 

07.00-08.00
08.00-16.30
16.30-21.00
21.00-01.00

01.00-07.00

2
1
2
4

3

  • Like 1

Share this post


Link to post

It has filled in a gap (closed the window :P ) - will it now go back up?  The entire FTSE 100 tanked yesterday so it's probably just a case of 'rising tide lifts all boats' and GBP looks set to go up which means FTSE 100 goes back down again.  Who the heck knows - might as well toss a coin :)

2080919397_BritishAmericanTobaccoPLC(LSE)_20191204_11_49.thumb.png.d331aa3bd47f2c9ce7a4c02f7314cc91.png

Share this post


Link to post
30 minutes ago, dmedin said:

It has filled in a gap (closed the window :P ) - will it now go back up?  The entire FTSE 100 tanked yesterday so it's probably just a case of 'rising tide lifts all boats' and GBP looks set to go up which means FTSE 100 goes back down again.  Who the heck knows - might as well toss a coin :)

Try to think in terms of where price has come from and to where it might be heading to.

On the daily there is this rough range where price looks to be on a downward leg. On the 1 hour price looked to fill that gap but ... 

So you might expect price to try to lift from here or try to force it's way to continue down, the next few hourly candles should reveal what those in control are planning to do. Once that becomes clear then look to enter, the stop loss then becomes self evident (either side of the blue line depending on long or short) and the target also becomes self evident (prior high or low depending on long or short). 

image.thumb.png.20f2741f0793e69a473044fbed4af3bf.png

  • Like 1

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Member Statistics

    • Total Topics
      7,880
    • Total Posts
      41,774
    • Total Members
      52,032
    Newest Member
    Brenny
    Joined 15/12/19 17:21
  • Posts

    • I like the fact that the analysts focus purely on money and profitability without getting too political.  That's what we want to see.  (After all, why are any of us here except to make money ...)
    • I just notice Nick Radge is also on number 178, I've not listened to this one but could be useful for anyone looking to build a new system. 178: The Blueprint: Create a simple trend following system w/ Nick Radge https://chatwithtraders.com/ep-178-nick-radge/
    • Gold apparently.  Anything with 'mass public participation', i.e. anything that a lot of other traders are applying EWP to.  I'd be very surprised to see anyone who has been using any kind of TA successfully for 10 years come on this board, after all 'why should they' lol when they can sell analysis for a living instead of giving it away for free.
×
×