British American Tobacco was testing the RM33.50 level in its latest session. With a moderate RSI level, it may trend higher above this point with a target price of RM35.47, followed by RM37.18. Meanwhile, it may continue sideways if it fails to cross the RM33.50 mark in the near term. In this case, support is anticipated at RM30.90, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM33.50

Target: RM35.47, RM37.18 (time frame: 3-6 weeks)

Exit: RM30.90

Source: AmInvest Research - 5 Oct 2018