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Bega Cheese: Melting Up?

Treasury Wine: Fighting Back

By Michael Gable  In this week s report, we have identified an opportunity in  Treasury Wine Estate ((TWE)). The overall trend for TWE is still down and volatility is still quite high, but it looks like we have a short-term trading opportunity. Across April and early May, we had a situation where the trading ranges of TWE were tightening up. This then led to a breakout last week on strong volume. This means that TWE is likely to go for a run here. If it can get through the February peak, then we would be looking at a retest of the August high.

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