Presumably today's bump is due to US/Biden? The belief that maybe China trade wars will reduced with a softer Biden in power. I think that's a long stretch, and the real world today's is the tariffs. The management view that they can simply find new markets and shift production to Europe is a bit fanciful, and would take a fair time. Does that mean they think this could be around for years? Ouch.
Still think $7, or when there is sustained momentum shift. One day is not a buy signal - maybe an exit strategy for some though.
What if China ban Australia Wine?, page-166
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