Although the trend has been established it is not necessary that BAT will start moving higher straight away, prior consolidation is also possible. The upside targets are seen at 127.2% applied to the corrective wave from 17th of August. The second target is the key resistance at 161.8%, that is $0.41, very close to $0.4 psychological level.
If BAT manages to break above $0.4, an uptrend is likely to continue and perhaps accelerate. On a downside note, the strong support remains at $0.123, where break and daily close blow should result in BAT/USD going even lower.