Trading ideas for British American Tobacco PLC 16.03.2020

The US Federal Reserve once again rescues the economy from a strong fall, lowering the interest rate for the second time in a month. Now it is only 0.25%.

Against the background of a general fall, the stock tested the support level of 26.300, which held back sellers. After the positive news about the rate cut and the optimistic speech of Donald Trump, investors will be more confident in purchasing at low prices, which were formed due to the coronavirus.

Trading recommendations:

Since the overall trend on world markets is still downward, consider buying after the price fixes above the price pivot zone of 28.15.

Stop loss under the support level of 26.30.