For any form of north bound travel for the SP, two things need to happen:
1. TWE needs to give the market a reason to pay it attention again. Presently there is no reason why investor should return apart from the gap between current SP and the Morningstar valuation. This is not a good enough reason on its own.
2. that reason needs to be strong enough to out muscle the shorters. It’s a safe bet that as time goes on with no compelling reason for change, holders will keep selling - especially this close to EOFY where a holder may rationalise selling for a loss to gain a loss on their tax returns.
I recommend setting a high and low alarm and stopping looking. It’s going to be a while
TWE Price at posting:
$8.14 Sentiment: Buy Disclosure: Held
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