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TipTVFinance TipTVFinance TW., D,
TW.: Taylor Wimpey – More losses below 148.50
17 0 0
TW., D
Taylor Wimpey – More losses below 148.50

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.

TipTVFinance TipTVFinance TW., D,
TW.: Taylor Wimpey – Falling channel intact
9 0 0
TW., D
Taylor Wimpey – Falling channel intact

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, ...

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