British American Tobacco
BAT has been trending up. We’ve seen a 50% retracement from the highs. The share has been trading between the R708 and R494 range since 2018. We also have a smaller between R598 and R561. Looking to trade the breakout either back to the top of the range or the bottom of the range.
The price broke the past week, with a bullish engulfing candle on the weekly chart. Now I’m waiting for the confirmation, close above R617 (3%) on the daily chart.