Taylor Wimpey Share Discussion Threads

[shaws37] 19/1/2012 11:55

Cheers Davy

I still reckon a pull back which is good to gain more strength.

I see a spinning top developing on the daily chart.

[davy855] 19/1/2012 11:38

Shaws. Good work mate.

Very bullish here. It has all the hall marks of testing the previous double top of 55p.

Cheers all.

[michael9000] 19/1/2012 11:38

So how long before 100

[sir rational] 19/1/2012 11:03

There are some pretty strong signals here

[imastu pidgitaswell] 19/1/2012 11:00

Impressive...

All a bit short a time-frame for me, I tend to work in years...

Happy to sit back and await developments - some 'profits' taken, still holding a lot.

So, unhappy either way, if it goes up or down.

:-)

[shaws37] 19/1/2012 10:54

See the red circle, the share price will hit that at the exact time to fill the gap....

[davy855] 19/1/2012 10:17

If you remember before I posted a weekly view & here again I am looking at the bullish weekly.

Its busted 40p with ease, then knocked out the descending resistance from the beginning of 2010. 42.2p would be the back test & its imperative that this holds for gains of upto 30% or 55p ( previous double top. They are the main targets but as always the physcological barrier at 50p will no doubt creep in.

MFI & RSI still NOT overbought.

Looking bullish to me chaps & good margins in yesterdays report.

Regards

Davy

[sir rational] 19/1/2012 10:00

That definitely looks like an inverse H&S - followed by breakout?

[sir rational] 19/1/2012 09:50

Got some TSCO the other day at 314.5p, looks very defensive with decent upside to 350p

[sir rational] 19/1/2012 09:49

Because it has met obvious resistance.

Can go 3 ways now (thanks Professor) - consolidate, drift down or break through.

IMV more likely to see consolidation followed by break through - been thinking that every other time we reach this sort of level, wrong before but fundamentals say I must be right in due course, this might be the time.

[imastu pidgitaswell] 19/1/2012 09:49

TSCO is definitely on watch list - but now is time to be patient for a while, see what transpires.

It's been at least three trading says since the last Euro crisis, time that blew up again, surely?

[shaws37] 19/1/2012 09:40

Tide turning now

[sir rational] 19/1/2012 09:38

JPM Caz OVERWEIGHT 58p

[aspers] 19/1/2012 09:32

Imatsu....I agree, I have been making money on KAZ as a great swing trade each day....stupidly though I tried my hand at TSCO last week thinking they were over sold.....now I am 20% down!!!!!!

[imastu pidgitaswell] 19/1/2012 09:25

aspers - I would expect it to. I did sell 2 (out of 7) batches for that minimal profit, nearly two and a half years after I bought them, just couldn't miss it again, having twice before considered it and left it.

It's not so much the profit or lack of it on TW, it's the opportunities missed elsewhere on account of being tied up here that is the real issue. Have a look at such swing-trade gems as RWA, WLF and worst (best) of all SNR - I bought a lot of those at 24p and sold them for 33p to buy this festering pustule, they're now trading happily at 180-odd.

Just as well I'm not the grumpy type, eh?

[aspers] 19/1/2012 09:05

I will wait for sub 40p again....profit taking must kick in soon ?

[sir rational] 19/1/2012 08:15

Not sure the buying momentum is exhausted just yet, looking at the trades, there is plenty of interest

[shaws37] 19/1/2012 08:13

The share price is all over the place, bid and offer erratic. Never seen it like that before

[sir rational] 19/1/2012 08:09

Bit more life in the old dog yet?

[shaws37] 19/1/2012 07:32

Fingers, thanks very much. This is a similar pattern i had in my mind after the formation of the doji. I did think it would reverse a day or 2 after then come down to around 41.5p / 40.5p over a few sessions before gaining strength for a push up to higher ground.

Today will be interesting but i think today will certainly be the peak. I've been caught out many times with TW by not taking action on the obvious then being locked in, so this time im being extra cautious. :-)