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
$12.01 |
Change
0.350(3.00%) |
Mkt cap ! $9.745B |
Open | High | Low | Value | Volume |
$11.59 | $12.06 | $11.59 | $44.27M | 3.704M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 114 | $12.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$12.03 | 96 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 114 | 12.010 |
1 | 15030 | 11.990 |
4 | 60350 | 11.970 |
1 | 5452 | 11.960 |
2 | 24209 | 11.950 |
Price($) | Vol. | No. |
---|---|---|
12.030 | 96 | 1 |
12.040 | 7431 | 2 |
12.080 | 16780 | 3 |
12.090 | 20501 | 3 |
12.100 | 19071 | 8 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
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TWE (ASX) Chart |