Technical patterns and qualitative fundamentals enable us to point a rebound.

Strong fundamentals are highlighted by Surperformance© ratings. The group enjoys of upward revisions in EPS and growth projections. Indeed, according to the consensus, sales are expected to grow by 15% this year. Moreover, the company offers a high profitability level and has a sound financial situation (return of a positive cashflow this year). Furthermore, its P/E ratio of 10.7 times on 2014 estimates shows an attractive valuation level.

From a technical viewpoint, prices rebounded after a short consolidation phase. They are supported by an upward trendline which should help the stock to return on the GBp 119.5. The breakout of this level, as indicated by well oriented moving averages on all time scales, will be the signal that the bullish trend is renewed.

According to both fundamental and technical analysis, the timing will become suitable for getting long on Taylor Wimpey with the help of the trendline at GBp 110.3. The target will be the GBp 119.5 resistance and a stop-loss order could be placed at GBp 106.4, avoiding this way, unnecessary risks.