Since posting an all-time high of $18.09 on February 22nd, shares of TWE have slipped over 6% lower and touched the $16.84 level yesterday.
We consider TWE one of the best growth stocks on the ASX, but with a P/E of over 35X we prefer to buy it at lower levels.
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From a technical perspective, we see good support in the $16.35/40 area and will advise on entry levels in subsequent postings.
Treasury Wine Estates
