$BTI British American Tobacco Charting Analysis: Fibonacci Retracement Tool, Swing Trades & More!
Channel: Reliable Rudy
Date: 24/08/2022

In the video "$BTI British American Tobacco Charting Analysis: Fibonacci Retracement Tool, Swing Trades & More!", I move on from the financials of the company and focus more on the charting aspect of BTI stock. Focusing on this charting, my main priority of the initial charting for BTI is to get an understanding of the entire history of the stock. Using a Fibonacci retracement tool to map out some of the large drops in the stock price, and studying the supply and demand of the stock at the extensions of the fib tool. It's important to understand the extensions aren't guaranteed to have selloffs, but looking for certain patterns can be used to you benefit, and save you from holding a stock that could could drastically fall in price. Another part of this video is mapping out uptrends & downtrends and how you can use that to your advantage, but understanding they're not 100% accurate in terms of price action. Trendlines hold and break all the time, nothing is guaranteed. To end the video, I go over an example swing trade, where we identify a potential back test of the neckline trade setup, and how you can potential use this trading strategy to your advantage. Swing trading is a solid trading strategy you can use to generate solid returns in the short term, but understanding your risk reward is crucial in a setting up your trade. I hope you enjoy the content presented in this video, and I look forward to making a part 2 charting video for BTI where I focus more on the short term of BTI stock. I hope to see you on the next one!


DISCLAIMER: DO NOT MAKE INVESTMENTS WITHOUT DOING YOUR DUE DILIGENCE FIRST! THIS VIDEO IS INTENDED FOR ENTERTAINMENT & INFORMATIONAL PURPOSES ONLY! WE ARE NOT LIABLE FOR ANY LOSSES OCCURRED WHILE INVESTING. ALWAYS SEEK FINANCIAL ADVICE FROM A LICENSED PROFESSIONAL BEFORE INVESTING.


Work Cited:
Everythingmoney.com
Tradingview.com


#ChartingAnalysis #swingtrading  #fibonacciretracement