Hello Traders,
Big rising wedge formation on Savills here with price on the top trend line of the wedge in overbought conditions with bear div on the RSI, it looks like a throw over.
Is the UK housing market in a bubble or will the price break the top of the wedge into uncharted territory?
Notice the bounce on the 24 year long trendline, I thought that was...
Savills Plc Ord 2.5P is listed on the London Stock Exchange,
trading with ticker code SVS. It has a market capitalisation of £1,939m,
with approximately 143m shares in issue. Over the last year,
Savills share price has been traded in a range of 657, hitting a high of 1426, and a low of 769.
This is the weekly chart of Savills PLC, real estate provider.
I rarely trade stocks, but sometimes I see an opportunity that piques my interest, because it a) has an interesting chart and b) fits into my fundamental world view.
In this case, I believe that housing is over-leveraged, and is 'affordable' only as a result of an artificially low interest rate...
"Double Top" chart pattern formed on Savills PLC (SVS:LSE). This bearish signal indicates that the stock price may fall from the close of 887.00 to the range of 837.00 - 848.00. The pattern formed over 32 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The...
Results in this morning show they will be ahead of expectations, initial target at 775 and past this 850.
Technically there has been a clear breakout from the downtrend and we are above the EMA's
