Taylor Wimpey Share Discussion Threads

[spennysimmo] 09/6/2010 07:35

Bullish divergences all over the daily chart now. Volume spike to almost 100m yesterday. Last time volume was anything close to this was on 24/11/09 (80m) when it closed at 34.97p after a few more down days to a low of 32.84 it began a rise to high of 44.01. TW. is technically extremely oversold and the current share price is way below the bottom of the current trading channel and is in panic selling area. The weekly chart is still down so I am not convinced today is the day it will turn, but according to technicals this as ready to turn very soon back up into the 30's. Current 21EMA is just under 34p and that is where value is and where the share price should be right now.

[smurfy2001] 08/6/2010 23:39

zx81, your exit target?

[spennysimmo] 08/6/2010 22:31

Not sure if anyone saw this news but in the last two weeks TW announced a 15 million Euros investment for two new projects in Mallorca.

[spennysimmo] 08/6/2010 21:37

Charts useless, how very dare you.

[zx81] 08/6/2010 21:26

Spenny, sir, daily events.. that's why charts are useless

[mercury123] 08/6/2010 21:24

I do see your point spennysimmo but then what about naked shorts where people are selling what they don't have yet hoping to buy them cheaper to honour the contract. How does that figure in the for every seller there is a buyer? I always wonder where that features in all these boards.
Anyway tomorrow is going to be a good day..........

[spennysimmo] 08/6/2010 21:24

You have a target for entry but no target for exit. A bit dangerous that isn't it?

[spennysimmo] 08/6/2010 21:17

So what's your target now?

[zx81] 08/6/2010 21:11

spenny sir ..

Chart

[spennysimmo] 08/6/2010 21:10

smurfy, in my opinion this will soon boune to 33-34p. There is a big bullish divergence on the daily chart now with the MACD Histgram. The share price is way under the 21EMA so is way below value and is also way over sold at a level not seen for quite some time. The only question in the back of my mind is why almost 100m traded today?

[smurfy2001] 08/6/2010 21:08

Seq, you must be young lol

[sequoia] 08/6/2010 21:07

Be patient, Otherwise lines will become furrows, upon your forehead.
seq

[smurfy2001] 08/6/2010 21:07

Hi Sheriff ;-)

[smurfy2001] 08/6/2010 20:53

I drew a FIB line, does not look good for the next low target.

[spennysimmo] 08/6/2010 20:53

smurfy, I will post a chart if you like but it is an absolute mess.

[spennysimmo] 08/6/2010 20:49

Ok, look at it another way, if you sell your house is it a sell because you have sold it, or is it a buy because someone has bought it. It is both. The trade is matched and one can't happen without the other. The price of the house will be down to either selling pressure (you are desperate to offload so the price will be driven down) or buying pressure (the buyer is desperate to buy it so you can ask for more and drive the price up.)

[leedskier] 08/6/2010 20:49

Which means if there are more sellers than buyers at any given spread, the transaction goes through at the bid rather than the offer price.

[bordersboy] 08/6/2010 20:47

according to ADVFN trades for today

LSE
Buys 67,912,094
Sells 28,164,795


PLUS
Buys 472,570
Sells 7,990 071