Jsebti
JSE:BTI British American Tobacco Markdown Set to Continue We have been waiting for volume to indicate the markdown is set to continue (See link to the analysis below). After a significant bar with volume I am now expecting the markdown to continue.
JSE:BTI British American TOB Reaching OverboughtBTI has undergone distribution, a backup to the TR and is busy with a markdown. Since the beginning of 2019, it looks like a redistribution TR is taking place. Now price is approaching the overbought line. There is negative divergence with the volume RSI indicating a continuation. Will be looking some supply volume to push the price further down.
