TWE has been in a strong downtrend for quite some time. There have been some bullish blips of late, but nothing like our most bullish stocks on the ASX.

With TWE currently sitting overbought and in a downtrend, this represents a good looking short swing trade setup.

And with US Markets tanking overnight, this could be the small catalyst this stock needs to trade lower.

This represents a pretty solid risk reward trade if it comes off.

Short Treasury Wine Estates - sitting overbought in a downtren

Dec 21 2020

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