Is this a dead cat bounce or is the bottom in for Treasury Wine TWE ? I went long this morning for a short term trade because I like the risk to reward here. We continue to hold if we can break the box area with good price action and volume.
TD sequential is showing a TD 9, MACD signals a buy and DMI is showing bears are running run of energy.
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Not looking good. If prices were close below the support line of $11, it's a good short opportunity in the short term.