Taylor Wimpey Share Price (TW.)

So would you suggest sp to move up and hold

Sp target 128 from 6/1/25 RSI(relative strength index) pivot. Bullish positive divergence between 6/1/25 RSI pivot low and subsequent RSI April 2025 low.

The sector has formed a bullish sp double bottom chart pattern with the sp lows in 6/1/25 and 13/4/25, spanning 12 weeks. However TW. printed a lower sp low in 13/4/25, which is largely overcome with the positive RSI divergence between the two described major sp lows.

Enhancing the bullish scenario is the Parabolic SAR, has printed bullish buy signals on three time frame charts, the quarterly, weekly and daily charts. DYOR.

Seems we're stuck around the 115-120 range, which is perhaps a reflection of the current 2025 consensus. Need a bit of stimulus to push on. Things like positive CMA result (possible update end of May), Govt announcement of improved homebuyer scheme (current mortgage guarantee scheme expires end June), another rates reduction, and a general improvement in the TW/sector financials. Could also do with more TW sales outlets as they've been on the slide.

My average is 124p. I've been tempted to average down recently but have decided to sit back and wait now, for what I can only see as the inevitable rise considering, the company's healthy balance sheet, order books, land bank, future interest rate reductions, a shortage of houses and general rise in house prices. To name a few, lol.

Ive bought more today this must be a fantastic opertunity to buy on the dip.

GLA