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.
Treasury Wines (TWE). TWE has been one of the stars of the...
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 (20min delay)
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Last
$8.21 |
Change
0.070(0.86%) |
Mkt cap ! $6.661B | |||
| Open | High | Low | Value | Volume |
| $8.14 | $8.37 | $8.12 | $126.8M | 15.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 28715 | $8.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.21 | 521033 | 4 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| TWE (ASX) Chart |