Looking at the chart, I see no support above $5.10-ish in Feb 2015 and a bottom of $3.50 in Feb 2014. On fundamentals, TWE looks mightily challenged with the loss of a major and its most profitable market. $4 feels about right to me.
I don't short. I do make price predictions from time to time. This is one such moment. I don't seek to curry favour by commenting, I try to sharpen my thinking.
Earlier, I bought TWE at ~$8 and exited at $18. I don't expect a repeat; I do expect it to rhyme.
Ash
TWE Price at posting:
$7.96 Sentiment: Sell Disclosure: Not Held
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