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Taylor Wimpey – Awaiting bullish break from congestion

LSE:TW.   TAYLOR WIMPEY PLC ORD 1P
Daily chart pattern – sideways channel

At 157.20, Prices are currently flirting with upper end of sideways channel. The daily RSI has already ended sideways action and is pointing northwards.

Hence, a bullish break on day end closing basis would open doors for a 100-DMA located today at 169 levels.

On the lower side, a breach of small rising trend line would expose the lower end of the sideways channel.

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