Treasury Wine Estates Limited (TWE.ASX)

19 October 2018



Technical Summary: Just one look at the 5 year chart of TWE will tell you why it has been one of the top performing stocks on the ASX over the last five years. The stocks has been a 6 bagger, moving from lows of around $3 per share to $18 without any major fuss or volatility. Over the last year this trend has largely contined, albeit with slightly more volatility and more of a rangeboound feel. It seems that based off the current action that the stock is more suitable to dip buying or mean reversion trading as opposed to trend following. This might make the stock buyable at the current juncture. The stock has pulled back to an area of support from May and opportune buyers might see this as an opportunity.

One of the best-performing stocks on the ASX and a technical buying opportunity?

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