Buying Opportuniy on BAT
BAT Daily Time-frame.
Possible buying opportunity.
My reasons:
Market got rejected from the lower resistance level (red zone) and broke out from the trendline..it also retested the trendline and got rejected there as well. Market also got rejected from the blue resistance level.
I would have my targets at the dark green zone, anywhere between 400c and 440c..this is on a daily timeframe so it might some time for it to get there.
I would enter now(@283c) and if the market goes against me, i'd cut my losses at around 200c.
This is all based off of technical analysis, use it with some fundamentals to get a clearer picture if where the market might go.
Possible buying opportunity.
My reasons:
Market got rejected from the lower resistance level (red zone) and broke out from the trendline..it also retested the trendline and got rejected there as well. Market also got rejected from the blue resistance level.
I would have my targets at the dark green zone, anywhere between 400c and 440c..this is on a daily timeframe so it might some time for it to get there.
I would enter now(@283c) and if the market goes against me, i'd cut my losses at around 200c.
This is all based off of technical analysis, use it with some fundamentals to get a clearer picture if where the market might go.
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