Trading Idea for British American Tobacco PLC (LSE)

#BATS

The trend is upward. The stock is trading in the range of 365 and 135 moving averages. The descending pattern is truncated. A bullish divergence is formed on Awesome Oscillator, and the Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (aC) breaks through the inclined channel of the descending truncated pattern.

Stop loss under the local minimum of the descending truncated pattern.

Target levels: 28.90; 29.57.