UK home-builder and development space looking interesting at current (technical) levels (also see Barratt Developments - BDEV).
TW at lower range of linear regression channel as well as testing prior breakout/supply area (now potentially support).
Not sure if going trade lower in the next few days but the reward to risk at current levels appear attractive while a break of line A_B would inspire more confidence that the next leg up is commencing.
Provisional Levels
Current: 171.40p
Buy Range 166p-170p
Stop: 161p
Target Range: 185p-189p
TW at lower range of linear regression channel as well as testing prior breakout/supply area (now potentially support).
Not sure if going trade lower in the next few days but the reward to risk at current levels appear attractive while a break of line A_B would inspire more confidence that the next leg up is commencing.
Provisional Levels
Current: 171.40p
Buy Range 166p-170p
Stop: 161p
Target Range: 185p-189p