Hello Traders,
Big rising wedge formation on Savills here with price on the top trend line of the wedge in overbought conditions with bear div on the RSI, it looks like a throw over.
Is the UK housing market in a bubble or will the price break the top of the wedge into uncharted territory?
Notice the bounce on the 24 year long trendline, I thought that was...
Results in this morning show they will be ahead of expectations, initial target at 775 and past this 850.
Technically there has been a clear breakout from the downtrend and we are above the EMA's
