Hi Prophet4me,
I'm response to your post back in Februrary I have attached a weekly chart for TWE. You asked for some T.A., well I hope my comments below help.
Its in a descending triangle pattern, needing a clear break of $4.20 to indicate a trend reversal.
I hold and I have a Stop set at a close below $3.57. This is based on a price/volume technique I read about in a book called Simple Tactics, Profitable Trading. I will continue to hold as long as my Stop isn't hit and I will continue to hold if and when $4.20 is broken to the upside.
This is an easy trade because its easy to mark the upside and downside parameters on the current TWE chart.
DYOR.
chart, page-6
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 (20min delay)
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Last
$12.13 |
Change
0.170(1.42%) |
Mkt cap ! $9.842B | |||
| Open | High | Low | Value | Volume |
| $11.88 | $12.15 | $11.82 | $23.18M | 1.920M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7090 | $12.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.15 | 500 | 1 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| TWE (ASX) Chart |