The last few months saw bargain hunters return to the ASX with TPW looking capable of joining the party, after being hammered in recent months; we see good risk/reward at current levels if the stock can hold above the lows of the last few weeks.
- We are initially targeting the $15 area for TPW, back towards its December levels.
Trade Idea: Buy Temple & Webster (TPW) at $12.50 with stops at $11.50, a 8% risk.
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NB Shawn’s Trading Ideas will be updated on the MM site when changes are made to existing positions or new ideas are added.
