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British American Tobacco

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@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

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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.

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

Capture bats.PNG

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