Treasury Wines (TWE).
TWE has been one of the stars of the Australian stock market. "Buying the Dip" in TWE has been a lucrative strategy with TWE for a few years now.
Recently, TWE fell heavily after the company reported a problem with clearing stock into the Chinese market. Nobody knew whether it was just a bureaucratic hitch or some pay-back by Chinese authorities for a negative political attitude in Australia towards China.
Here's the chart:
As a result of the Chinese problem, TWE has fallen back to its long-term trend as defined by the 200-Day MA. On Friday it bounced strongly off the 200-Day MA. This looks like a buying opportunity.
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Last
$12.20 |
Change
-0.050(0.41%) |
Mkt cap ! $9.899B |
Open | High | Low | Value | Volume |
$12.25 | $12.26 | $12.16 | $15.41M | 1.262M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6579 | $12.20 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$12.27 | 6149 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5433 | 12.200 |
3 | 7341 | 12.190 |
2 | 20311 | 12.180 |
3 | 11823 | 12.170 |
2 | 3541 | 12.160 |
Price($) | Vol. | No. |
---|---|---|
12.270 | 6149 | 2 |
12.280 | 7341 | 3 |
12.290 | 9734 | 3 |
12.300 | 6086 | 4 |
12.350 | 333 | 1 |
Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
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TWE (ASX) Chart |