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Trading Idea for British American Tobacco PLC (LSE)

24.09.2021

Market Review

#BATS
The descending wave patterns are truncated. The support level of 26.16 held back sellers. A bullish divergence has formed on Awesome Oscillator, and the moving indicators of Stochastic Oscillator have left the oversold zone. The inclined channel of the descending internal pattern is broken.

Trading idea:
Buy when an ascending wave pattern is formed at the breakout of 27.00.
Stop Loss under the local minimum: 26.16.
Target levels: 27.83; 28.64.

Author: GC
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