The GBp 131 resistance is in line of sight.

The company shows strong fundamentals. An increase in terms of sales of around 14% is expected for the current year, it will have an even better effect on its EPS which is anticipated to rise around 30%. Furthermore, a low valuation of the group involves a great opportunity for investors interested in position taking. Moreover, the consensus stays buyer on the stock.

Technically, an upward pattern is observed in prices for several months. The movement is meant to continue in the coming trading sessions as a pullback just took place and the bullish channel still being respected. The 20-day moving average should help to reach the target at GBp 131.

Thus, investors could take a long position on Taylor at current prices, profiting this way from a jump toward GBp 131. A stop loss could be placed below the short term support (GBp 120).