BTI - Parallel Channel with upward momentum

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BRITISH AMERICAN TOB PLC (JSE:BTI)

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JSE:BTI BRITISH AMERICAN TOB PLC

Trend Analysis js ALSI ZAR southafrica britishamericantobacco

trendanalysis js alsi zar southafrica britishamericantobacco

BTI is trading in a parallel channel and has recently bounced off the bottom on its way up. It is also showing some nice upward momentum. I would say that we are looking at an upward move towards at least the 55000 level if not further up towards the top of the channel.

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