British American Tobacco: Consolidating For Continuation
- Lester Davids

- Feb 1
- 1 min read
Research Notes February 2026 > https://www.unum.capital/post/rfeb2026
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Previous Post (August 2025): British American Tobacco: Running +95% in 21 Months + All Time High (Above R1000)
The extract below is from a note to clients on Wednesday, 06 December 2023 at 53198c, highlighting both a manual view (channel) as well as the price action model reading. Within just under 21 month, the share has gained 95% and trades above R1040, an all-time high.


02 September 2024

As re-iterated on Monday, 29 April:

As discussed in December:



Lester Davids
Senior Investment Analyst: Unum Capital



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