$BAT hit a six-month high. From here, there are usually three possible paths:
① It pulls back to 0.1698 and holds, with the previous high turning into support; ② It consolidates at a high level as volume gradually dries up; ③ It falls back below 0.1698, making this a false breakout.
The current price is 0.1804, still above the previous high, so it’s too early to tell which path we’re on. Turnover this time was 5.3 times the 20-day average, so whether volume stays elevated will be key.
Do you think this is the beginning or the end?
#BAT
① It pulls back to 0.1698 and holds, with the previous high turning into support; ② It consolidates at a high level as volume gradually dries up; ③ It falls back below 0.1698, making this a false breakout.
The current price is 0.1804, still above the previous high, so it’s too early to tell which path we’re on. Turnover this time was 5.3 times the 20-day average, so whether volume stays elevated will be key.
Do you think this is the beginning or the end?
#BAT