RHB Retail Research
Technical Analysis - British American Tobacco
British American Tobacco
British American Tobacco may move higher after it tested the MYR32.58 support lately. Yesterday’s candle sent the stock to its 1-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR32.58 level, with an exit set below the MYR32.58 threshold. Towards the upside, the near-term resistance is at MYR37.50. This is followed by the MYR40.00 level.
Source: RHB Securities Research - 13 Sept 2018
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