Weekly just made a new high before the stock price fall to test support level @ 193.05. Potentially, TW can re-test the swing high at 237.10, however, further decline below 185 is more desirable before buying the stock.
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Taylor Wimpey has steadily under performed the benchmark index over the past few months and looks set to break lower. Sell with a stop at 146.5p, targeting a move down towards the 'Brexit' low at around 118p