We liked TNE result last month which saw markets relax towards the impact of AI on its business model. Assuming we get a spike down early this week we like the risk/reward ~$23, but this could easily prove too pedantic hence we may “pay up” through the week. Short term volatility is likely to be high this morning and anything could happen.
- We believe TNE has bottomed, initially targeting the $30 area.
Trade Idea: Buy Technology One Ltd (TNE) at $23.20 with stops at $21.70, around 6% risk
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