We traded TPW last month, being stopped at ~$11.50 for a small loss. On Friday we saw solid buying enter TPW driving the stock up more than 3% in a weak session. We are keen buyers into an initial dip this morning in line with anticipated weakness in the ASX.
- We believe the risk/reward has returned to TPW with our upside target ~30% higher.
Trade Idea: Buy Temple & Webster Group (TPW) $6.86 with stops at 6.34, around 7% risk
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