{"id":5112,"date":"2024-07-17T03:34:55","date_gmt":"2024-07-17T02:34:55","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=5112"},"modified":"2024-07-17T03:34:55","modified_gmt":"2024-07-17T02:34:55","slug":"british-american-tobacco-lsebats-around-2464-at-time-of-writing","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2024\/07\/17\/british-american-tobacco-lsebats-around-2464-at-time-of-writing\/","title":{"rendered":"British American Tobacco (LSE:BATS) around 2464 at time of writing"},"content":{"rendered":"

#FTSE #Nasdaq\u00a0<\/b>\u00a0For reasons, entirely to do with shoe shopping, my wife left me standing waiting for her at the exit junction of our local hospital.\u00a0 It was a nice day, not even raining for a change, making leaning against a convenient wall while listening to an audio book, not the most onerous of tasks. She was eventually 20 minutes late and worse, even admitted to not finding the type of boots she wanted. But this wasn’t the end of the story.<\/span><\/p>\n

Watching traffic exit the hospital car park provided an interesting insight into human behaviour. We’ve long suspected the writing must be “on the wall” for the likes of BAT, anti-smoking rhetoric, regulations, and laws making what was once a favourite pastime as viable as voting Conservative in Scotland. But one thing was in evidence. Generally, when people start their cars moving, they either have the urge to pick their nose or engage in a more common activity, taking a draw of a cigarette. While I didn’t count, I’d estimate over half the vehicles coming out from the hospital either had the driver smoking or the passenger, implying the habit is still as popular as ever. Perhaps sales may have fallen but the cigarette companies don’t appear to be begging for Government aid. When adding the fact retailers now boast grey nondescript cupboards in prime retail space, holding impressive levels of stock, it seems ‘the habit’ remains ingrained, making us suspect the current battle against vaping may be more to do with tax revenue than health or safety.<\/span><\/p>\n

 <\/p>\n

BAT share price decline from 2017’s unfathomable high has led it to currently at just under 50% of such a level, leading us to fear more drama may yet come. While the Red uptrend since 2008 has recently experienced a couple of solid confirmation footfalls by the share price, we’re inclined to suspect more reversals are coming.<\/span><\/p>\n

Currently below 2340p would tick a pretty major box for concern, risking triggering reversals down to an initial 1982p, something with quite devastating visual implications. Our secondary works out at a longer term 1416p and hopefully a bottom as it rather neatly matches the prior low of 2018.<\/span><\/p>\n

Conversely, BATS would need above 2575p to give the first dusting of hope, potentially triggering recovery to an initial 2717p with secondary, if beaten, at 2881p. Only with closure above this secondary level shall we dare hope some true recovery may be lighting things up. Who knows, perhaps their slogan “Our portfolio of powerful smokeless product brands will drive progress to a smokeless world<\/b>” isn’t entirely delivered with a corporate tongue, firmly embedded in the cheek.<\/span><\/p>\n

<\/p>\n

 <\/p>\n

\n

FUTURES<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Time Issued<\/span><\/td>\nMarket<\/span><\/td>\nPrice At Issue<\/span><\/td>\nShort Entry<\/span><\/td>\nFast Exit<\/span><\/td>\nSlow Exit<\/span><\/td>\nStop<\/span><\/td>\nLong Entry<\/span><\/td>\nFast Exit<\/span><\/td>\nSlow Exit<\/span><\/td>\nStop<\/span><\/td>\nPrior<\/span><\/td>\n<\/tr>\n
10:27:00PM<\/span><\/td>\nBRENT<\/span><\/td>\n8343<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
10:37:32PM<\/span><\/td>\nGOLD<\/span><\/td>\n2468.65<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
11:19:06PM<\/span><\/td>\nFTSE<\/span><\/td>\n8194.8<\/span><\/td>\n8124<\/span><\/td>\n8106<\/span><\/td>\n8048<\/span><\/td>\n8172<\/span><\/td>\n8204<\/span><\/td>\n8217<\/span><\/td>\n8248<\/span><\/td>\n8160<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
11:56:11PM<\/span><\/td>\nSTOX50<\/span><\/td>\n4963.3<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
12:00:02AM<\/span><\/td>\nGERMANY<\/span><\/td>\n18578<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
12:51:14AM<\/span><\/td>\nUS500<\/span><\/td>\n5665.9<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
12:54:44AM<\/span><\/td>\nDOW<\/span><\/td>\n40958<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\nSuccess<\/span><\/td>\n<\/tr>\n
1:58:00AM<\/span><\/td>\nNASDAQ<\/span><\/td>\n20367<\/span><\/td>\n20265<\/span><\/td>\n20190<\/span><\/td>\n20057<\/span><\/td>\n20412<\/span><\/td>\n20481<\/span><\/td>\n20527<\/span><\/td>\n20614<\/span><\/td>\n20366<\/span><\/td>\n<\/td>\n<\/tr>\n
2:00:02AM<\/span><\/td>\nJAPAN<\/span><\/td>\n41344<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n‘cess<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

16\/07\/2024 FTSE Closed at 8164 points. Change of -0.22%. Total value traded through LSE was: \u00a3 4,218,485,938 a change of -1.45%<\/h5>\n
15\/07\/2024 FTSE Closed at 8182 points. Change of -0.85%. Total value traded through LSE was: \u00a3 4,280,715,319 a change of 2.74%<\/h5>\n
12\/07\/2024 FTSE Closed at 8252 points. Change of 0.35%. Total value traded through LSE was: \u00a3 4,166,551,953 a change of -13.98%<\/h5>\n
11\/07\/2024 FTSE Closed at 8223 points. Change of 0.37%. Total value traded through LSE was: \u00a3 4,843,565,860 a change of 2.51%<\/h5>\n
10\/07\/2024 FTSE Closed at 8193 points. Change of 0.66%. Total value traded through LSE was: \u00a3 4,725,141,160 a change of -14.23%<\/h5>\n
9\/07\/2024 FTSE Closed at 8139 points. Change of -0.66%. Total value traded through LSE was: \u00a3 5,509,291,048 a change of 31.2%<\/h5>\n
8\/07\/2024 FTSE Closed at 8193 points. Change of -0.12%. Total value traded through LSE was: \u00a3 4,199,265,800 a change of -27.16% <\/a><\/h5>\n

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.<\/span><\/span><\/p>\n

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION <\/span><\/span><\/p>\n

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.<\/span><\/span><\/p>\n

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.<\/span><\/span><\/p>\n

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…<\/p>\n

\n

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares<\/h4>\n

<\/a>Click Epic to jump to share: LSE:BARC Barclays** **LSE:CAR Carclo** **LSE:IHG Intercontinental Hotels Group** **LSE:JET Just Eat** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:SCLP Scancell** **LSE:TSCO Tesco** **<\/p>\n

********<\/p>\n

Updated charts published on : Barclays, Carclo, Intercontinental Hotels Group, Just Eat, Ocado Plc, Primary Health, Parkmead, Scancell, Tesco,<\/p>\n

\n

LSE:BARC Barclays<\/span>. Close Mid-Price: 227.35 Percentage Change: + 0.71% Day High: 227.65 Day Low: 223.55<\/h4>\n

In the event of Barclays enjoying further trades beyond 227.65, the share ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous Barclays & Big Picture ***<\/a><\/p>\n

\n

LSE:CAR Carclo<\/span>. Close Mid-Price: 23.4 Percentage Change: + 14.15% Day High: 23.2 Day Low: 21.8<\/h4>\n

Target met. Continued trades against CAR with a mid-price ABOVE 23.2 shou ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous Carclo & Big Picture ***<\/a><\/p>\n

\n

LSE:IHG Intercontinental Hotels Group<\/span>. Close Mid-Price: 8526 Percentage Change: + 1.69% Day High: 8542 Day Low: 8324<\/h4>\n

All Intercontinental Hotels Group needs are mid-price trades ABOVE 8542 t ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous Intercontinental Hotels Group & Big Picture ***<\/a><\/p>\n

\n

LSE:JET Just Eat Close Mid-Price: 954 Percentage Change: -0.62% Day High: 957 Day Low: 935 <\/span><\/h4>\n

If Just Eat experiences continued weakness below 935, it will invariably ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous Just Eat & Big Picture ***<\/a><\/p>\n

\n

LSE:OCDO Ocado Plc<\/span>. Close Mid-Price: 360.5 Percentage Change: + 5.90% Day High: 407.3 Day Low: 359.2<\/h4>\n

Continued trades against OCDO with a mid-price ABOVE 407.3 should improve ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous Ocado Plc & Big Picture ***<\/a><\/p>\n

\n

LSE:PHP Primary Health Close Mid-Price: 95.75 Percentage Change: -0.52% Day High: 97.5 Day Low: 95.35 <\/span><\/h4>\n

Further movement against Primary Health ABOVE 97.5 should improve acceler ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous Primary Health & Big Picture ***<\/a><\/p>\n

\n

LSE:PMG Parkmead Close Mid-Price: 11.75 Percentage Change: -4.08% Day High: 12.25 Day Low: 11.75 <\/span><\/h4>\n

Weakness on Parkmead below 11.75 will invariably lead to 10p with seconda ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous Parkmead & Big Picture ***<\/a><\/p>\n

\n

LSE:SCLP Scancell<\/span>. Close Mid-Price: 12 Percentage Change: + 5.26% Day High: 12.25 Day Low: 11.4<\/h4>\n

All Scancell needs are mid-price trades ABOVE 12.25 to improve accelerati ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous Scancell & Big Picture ***<\/a><\/p>\n

\n

LSE:TSCO Tesco<\/span>. Close Mid-Price: 318.9 Percentage Change: + 1.01% Day High: 319.8 Day Low: 314.1<\/h4>\n

Target met. Further movement against Tesco ABOVE 319.8 should improve acc ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous Tesco & Big Picture ***<\/a><\/p>\n

\n

*** End of “Updated Today” comments on shares<\/span><\/h2>\n","protected":false},"excerpt":{"rendered":"

#FTSE #Nasdaq\u00a0\u00a0For reasons, entirely to do with shoe shopping, my wife left me standing waiting for her at the exit junction of our local hospital.\u00a0 It was a nice day, not even raining for a change, making leaning against a convenient wall while listening to an audio book, not the most onerous of tasks. She … <\/p>\n

Continue reading “British American Tobacco (LSE:BATS) around 2464 at time of writing”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5112","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/5112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/comments?post=5112"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/5112\/revisions"}],"predecessor-version":[{"id":5113,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/5112\/revisions\/5113"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=5112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=5112"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=5112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}