British American Tobacco plc (LON:BATS)

[SMR]

British American Tobacco PLC is a global tobacco company, with brands sold in more than 200 markets. The Company’s four principal brands include Dunhill, Kent, Lucky Strike and Pall Mall. The Company has many other international and local brands, including State Express 555, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges and John Player Gold Leaf. The Company’s products include cigarettes, Fine Cut (roll-your-own and make-your-own) tobacco, cigars, cigarillos, pipe tobacco and snus.

Official website: www.bat.com

[jonsmith]

SELL
TARGET 3420

Trend line of BRITISH AMERICAN TOBACCO PLC shows strength in selling. If it breaks the support level of 3490 then it can test downside level for the target of 3420



RSI is trading near to 35.27 level with -ve bias, in coming session downward move is expected.

MACD and Signal line is sustaining below the zero level line.


What do you think?

[jonsmith]

SELL

TARGET 3760
The Major trend of BRITISH AMERICAN PLC it is showing strength for selling .If it breaks the support level then one can initiate the selling position in the stock. If it breaks the level of 3795 then it can test support level for the target of 3760 with the stop loss of 3825.
INDICATORS:-

RSI is trading near to 44.53 level with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustaining below the zero level line.

Skype jonsmith1091