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BATS, fell lesser %, than VGOV today, so relative strength in BATS, favour. The bottom Bollinger band on VGOV, rose in time with the recent VGOV, peak. Subsequently the top Bollinger band started to fall, which in previous chart records, usually results in a short term trading range, or in the case of a bearish trend, in a sp, bottom. Ordinarily, a rising sp, trend should be accompanied by a rising top bollinger band, so VGOV, is at least taking a rest from trending, at the present.
Viewed the BATS/VGOV, chart which shows the macd has crossed above the ma. Probably safest to assume P on BT, rather than reversal, looking at previous price action, however, previous price action in similar situations , usually results in 50-60% retracement. Also overhead supply is at 152, so there is still room for the chart to rise toward 152. Your rates drop scenario has been undermined, by the recent USA , employment stat, increase. The crucial thing is to give BATS/GOV, time to finish it's rise, since the rate reduction premise, has been postponed, by those employment stats. Not surprisingly the USA, dollar has risen, with negative effect on gold related equities.
The same Posters on ADVFN Green Box is a Wonderful thing
Yes VGOV has a yeild. If you use trading view you'll see the "D" on the chart.
BATS/VGOV:
https://www.tradingview.com/chart/BATS/hqJO8Hmd-BATS-VGOV-Pullback-on-Bearish-Trend-or-Reversal/
This is what I mean. If rates drop VGOV will shoot up, as it's a bond ETF. I expect a pullback though and I'm using a MACD.
Yes, but put the BATS/VGOV in trading view. It's bearish, implying a drop in BATS relative to VGOV.
VGOV, disparity index and roc indicator, are showing lows below the previous lows registered under the previous trough, in sp. Also there was a strong blowoff top on 22/12/23, in the YGOV, price, which was in the vicinity of previous year highs, so sp is as high as it is likely to go. Do not put much faith in the trendline at 17 holding, so more likely to head down to support at 16.5.
VGOV, medium term trendline appears to be at 17, with strong support leading down to 16.5. The preceding volume pattern from 27/12/23, was volume increasing in the downward direction, the two occasions , showing volume participated in the drop, in equity value. A healthy pullback, ought to be reducing volume, not increasing. Suggest watch the RSI index, for a cross above 50, to buy. However if RSI index crosses back below 50, shortly after, sell. Commentators on VGOV, mentioned a yield, but website shown no yield, so puzzled .
Stargate, look at BATS/VGOV. It's bearish, this is a small pullback I think. What's your take?
I'm waiting for the pullback to end and swap some BATS to VGOV.
At under 24 quid, this is a must buy. Unfortunately I currently have no funds to invest!
The bottom price formation, began on 6/12/23, and there has been 14 days of high volume, and 7 days of very low volume. This volume behaviour is different from the previous volume pattern, and seems to point toward smart money taking a bullish position , in BATS. The Fibonacci 61.8%, target is 2446, and optimistic target 2550, although I suspect the latter, would be a brief one day high.
What about 2329?
2329
A glance at the previous chart history of BATS, and also the sector chart, shows the tendency for price to retrace between 40-50%, of the preceding price fall. Using closing prices, this would imply 2388-2416, to represent the 40%-50% retracement levels. There also happens to be overhead supply, from previous trading at 2400, which ties in with the retracement levels, I have given.
While everyone has their own priorities, this has for a number of years, as you say, been a dividend aristocrat.
For those assembling a portfolio of dividend shares, this is and has been for many years a no-brainer. Like many, I play the cycles and will add to my holding when I can lower my average purchase price, weighted to my risk appetite against my other holdings. Approaching retirement I see this share as one key component to supplementing my retirement income.
Thanks to everyone posting on here, sometimes I need a nudge to keep up to date on what is going on as I lurk in the shadows.
Best wishes to all LTH in 2024.
Well, I love the way people look at the Tech side to predict a share price. Just a period and a pause, British American Tabacco is Cash Generative, Pays a dividend, and its Portfolio like ITC, etc is increasing in Value, and of course new markets, and products.
The dividend yield keeps increasing when the share price goes down, at one stage reaching well over 10% dividend.Bats has paid 25 years of dividends that is a Aristocrat. The dividend is covered by Revenue, its debt is coming down, it is thinking of reducing its share holdings in ITC .
I think presently it is a long term hold, come Febuary if they annouce an increase in the Dividend and it is well covered this share may recover in 2024.
My advice following Tech sometimes is bad advice when the basics of a company are sound.
Disparity index, has been rising , since 6/12/23, which is often accompanied by a rising sp. If the DI, which is close to the zero level, can cross above zero, this would be a buy signal. The high price today is greater then yesterday's high, which could imply that a bullish swing is about to begin .
ADX both short and long NEGATIVE
Lower Bollinger Band 2172.53
The market is not a friend of the bulls anymore. The bearish signs are increasing and the odds for a downside breakout is significantly high. The share price is below the confirmation level of the last bearish pattern, but the signal is still suggesting to STAY LONG. The SHORT signal requires a black body whose close is below the confirmation level and the chance of detecting such a black candlestick is very high.
BATS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
My 53k buy not showing
Merry Christmas all, made a lot of money in this share & just placed a 200k deposit for my kids first house for Christmas. I think it's bottomed here, so will be buying some more in the new year.
I'm interested too.. Stargate
I think the prediction was pretty close, it looks like it hit 2312 at 15:25 (20 mins after your post)
So a good prediction in my eyes
However day trading in 10 min candles isn't really my cup of tea, I'm more interested in swings over a few days to weeks/months
I'm hoping BATS has bottomed now and starts to move up, it's never great on div day, I'm starting to think it's better to close trades/sell the day before div and buy back in the morning
If you have some time, take a look at VOD and post your predictions
Well I for one am interested.......
Sg
how many people do you think are interested in that ballax on every board that you post on