Taylor Wimpey Analysis.
Currently trading at more than a 54% discount from the current yearly highs and price is sat around 109/110 support zone. This price level was the very bottom of the lows seen during the 2016 sell-off.
They have a strong dividend yield history paying over 9% and before covid-19 came on to the scene, their company financials were looking...
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.
Fundamentals
Brexit uncertainties continue to undermine the performance of certain UK housebuilders. The ongoing political threat is sending shares in Taylor Wimpey...
UK House builders have faded post budget spike. The daily candle is now a inverted bearish hammer.
That has ensured the falling channel is intact.
Prices currently trade around 149.40. A daily close below 148.58 (38.2% Fibo) would add credence to the failure at the channel resistance and open doors for a sell-off to 140.00 levels.
UK’s FTSE 100 index was boosted today by house builder Taylor Wimpey which said trading had been "strong" in the second half of the year.
Technicals – Falling channel on the daily
The share is trading around 150p. Prices need to close above the falling channel hurdle, which would signal continuation of the rally from the post Brexit low. On the higher side,...
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...
