BAT has risen since March 25. The gain took it to a new all-time high of $ 1.38 on April 7.
However, BAT fell almost immediately thereafter.
This created what looks like a double top, which is considered a bearish reversal pattern.
In addition, the RSI, MACD & Stochastic oscillator indicators have created a bearish divergence.
Therefore, the most likely scenario would be BAT drops to the closest support at $ 0.92.
- BAT created a two vertex model.
- The technical indicators are showing weakness.