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2018年8月6日午前12時36分

TWE: a Bull Flag here? 

TREASURY WINE ESTATES LIMITEDASX

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This chart was posted by a fellow trader at our recent ATAA meeting and caught my attention for the clean chart pattern it presented.

IMHO, TWE is consolidating in a classic-style Bull Flag under the psychological, whole-number $20 level.

The Flagpole here is about $15 so Technical Theory would suggest that any bullish breakout move might extend by a similar margin.

Thus, I'll be watching for any weekly breakout here and, if bullish, I'll be looking for a move up to the $35 level.
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