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.
TWE - Chart
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 (20min delay)
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Last
$12.36 |
Change
0.010(0.08%) |
Mkt cap ! $10.02B | |||
| Open | High | Low | Value | Volume |
| $12.39 | $12.47 | $12.26 | $41.69M | 3.368M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9180 | $12.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.36 | 26369 | 4 |
View Market Depth
| Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
| TWE (ASX) Chart |