Taylor Wimpey typically trade well over the Winter period which we are about to enter.
154 resistance level has been broken.
Possible bounce off the current highs at 165 and a retest at the 154 support level.
Alternatively and hopefully it will break through the trending highs at 165 and onto 176 where it will test the support level
Aiming for 10%
SELL - TAYLOR WIMPEY (TW.)
Taylor Wimpey plc is a residential developer. The Company operates at a local level from 24 regional businesses across the United Kingdom, and it has operations in Spain.
Brexit uncertainties continue to undermine the performance of certain UK housebuilders. The ongoing political threat is sending shares in Taylor Wimpey...
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...