$JSEBTI - British American Tobacco: There Is Smoke, But No Fire
The last coverage of BTI was on 10.02.2023 and the outlook has not changed, link below.
BTI is the only rand hedge stock which had share price weakness despite the rand blowing out most recently, further evidence that the stock has no real bidders.
The only question is how much lower can the bears take the price as there is no clear support levels and price action from 2019 has been wild and choppy.
Short the rallies towards 56000
BTI is the only rand hedge stock which had share price weakness despite the rand blowing out most recently, further evidence that the stock has no real bidders.
The only question is how much lower can the bears take the price as there is no clear support levels and price action from 2019 has been wild and choppy.
Short the rallies towards 56000
