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
$11.78 |
Change
-0.090(0.76%) |
Mkt cap ! $9.558B |
Open | High | Low | Value | Volume |
$11.86 | $12.03 | $11.78 | $38.25M | 3.233M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 12764 | $11.76 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.83 | 12381 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 12764 | 11.760 |
4 | 25212 | 11.750 |
3 | 13410 | 11.740 |
3 | 13283 | 11.730 |
1 | 4912 | 11.720 |
Price($) | Vol. | No. |
---|---|---|
11.830 | 12381 | 4 |
11.840 | 10326 | 1 |
11.850 | 10326 | 1 |
11.860 | 10326 | 1 |
11.900 | 100 | 1 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
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TWE (ASX) Chart |