Lester Davids, Unum Capital Trading Desk analyst, is having a look at BTI from a short term bounce perspective.
The share down R190 over the last month alone.
We are looking at 595/605 as a possible level (if we can get it). Looking at 45 to R55 upside. Now at R610.79 on my screen.
For those trading in South Africa BTI is not available as a CFD, however you could look at using RNI for your entry.
Although RNI does provide access to BTI its not a very good proxy if you have a look at the comparative between the two stocks.
The share down R190 over the last month alone.
We are looking at 595/605 as a possible level (if we can get it). Looking at 45 to R55 upside. Now at R610.79 on my screen.
For those trading in South Africa BTI is not available as a CFD, however you could look at using RNI for your entry.
Although RNI does provide access to BTI its not a very good proxy if you have a look at the comparative between the two stocks.