Recommendation: $BAT

September 1, 2017
Reco: $BAT
Trend: Very Bullish (Medium term, 1 – 3 days)
Time: 2 Hour Candles

Brief: BAT is in a strong bull trend on the 2 hour candle time frame. We can see in the chart that ADX > 20, strong signal. Coupled with a pice breakout over the Tenkan and Kinjun lines (fast and slow moving averages), and a green cloud. All very bullish signals. Look for $BAT to continue to appreciate in price over the course of the weekend, maybe into the early part of next week. Look for BAT to test its recent price ceiling at around 6920 over this period. Set stop losses at around 5560 and/or 5260.