British American Tobacco: sell signal at week one, trading not recommended

British American Tobacco receives a fresh sell signal at week 1. The weekly structure is intermediate bearish, but the stock trades 28% above the 200-week average — a condition our model flags as not recommended for new positions. On the daily chart, a double bottom is forming in the 4190 area with a 5% intermediate rebound. The confirmation week is still in progress, outcome yet to be determined.