Back in Aug when TWE announced great 3Q result, it went from $11.5> $13.12 in one single day. It was then severely impacted by the gradually intensifying tension between AUS and China, the stock price has then free fall all the way to ~$8 especially after Chinese gov announced applying tariffs on Australian wine exports. However, it appears that $8 is already the rock bottom by looking at both the price action and the recent news the TWE is actually seeking other markets to expand (themarketherald.com.au/treasury-wine-estates-asxtwe-eyes-other-markets-to-offset-chinese-tariffs-2020-11-30/). I wouldnt be surprise the stock price could recover back to $10.63 (~20% gain from now) in short term, and towards $13 when the pandemic gradually smoothens across the globe with very limited downsize at $8 as cut loss and solid support.