Treasury Wine Estates Ltd (TWE.ASX)

5 September 2017




Technical Summary: Long term the chart of TWE is the one that got away, the pretty girl or guy in the bar that you regret never going over and talking to. The stock is trading at an all time high and wherever investors or traders bought the stock they are profitable. Not surprisingly the stocks technical performance has been matched by its fundamental. Investors looking to initiate a position may pause with the stock looking overextended over the short term. The has closed the 12 out of the last 13 sessions higher. Investors might look for a short term pull back or consolidation before initiating a position. For investors already long the stock there is no reason to sell here unless you were looking for an
opportunity to get out of the position. If this were the case then you would be doing it at an all time high and with all probability before a short term pull back. Over the long term TWE has confirmed the thesis that good companies in bull market make higher highs.

Uptrend confirmed, stock could be overextended over the short term. Look for consolidation or profit taking before entering position

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