Round Hedge Stock Research

Technical View - British American Tobacco

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Publish date: Mon, 18 Jun 2018, 09:43 AM
Round Hedge Stock Research Reports

British American Tobacco

  • BAT's share price has gone up 23.596 from RM28.42 to close at RM35.10, since our technical view dated 15/05/2018. Last Thursday, it had a minor pullback, down RM 1.60 from RM36.70.
  • Overall, the underlying uptrend of the share remains intact. As such, expect follow through buying towards resistance at RM40.00 (R1).
  • Meanwhile. downside supports. are at RM34.46 (S1) and RM31.18 (S2)
  • Aggressive investors may take position on BAT call warrants (41620) to capitalise on the potential upside for the highest leverage compared to call warrants (4162 CL) and (4162CK).

Source: Rakuten Research - 18 Jun 2018

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Be the first to like this. Showing 3 of 3 comments

lotsofmoney

Sunset industry. Buy if you want to commit suicide.

2018-06-18 09:55

pakatan_harapan2

PH 0% GST. Must collect more taxes from cig tax.

2018-06-18 09:58

pakatan_harapan2

Rakuten Research(TP RM 40) more trustable Kenanga TP RM 31?

2018-06-18 10:06

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