Taylor Wimpey plc : Good timing for a trading strategy
Entry price | Target | Stop-loss | Potential |
---|
GBX 188.1 |
GBX 0 |
GBX 183.8 |
-100% |
---|
Taylor Wimpey could regain its upward trend after having ran out of steam.
Graphically, buyers influence have been downsized. As the trend in the short term became neutral, the current support level should act a stepping stone for a technical rebound.
A long trade should be considered on the GBp 187.1 area, it would represent an interesting level for buyers and hence target GBp 210.3. A stop-loss will be fixed below the entry point to limit the risk.
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