Ashtead Share Discussion Threads

[bracke] 27/7/2015 17:09

ian

Or perhaps 'fools rush in where Angels fear to tread'.

I tend to agree with clarky that "it might be a while coming'.

You do not want it falling below 900 and failing to move back up sharpish.

[clarky5150] 27/7/2015 16:47

the rhunes say a profit will come your way Mr White..... it might be a while coming tho.

[ianwwwhite] 27/7/2015 16:35

clarky

I took your advice and bought a few @ 938.92... at this price it would be rude not to!

However, I'm not looking forward to the cross examination from 'you know who', does 'gut feeling' fall within fundamental or technical rationale? (lol!)

[bracke] 27/7/2015 16:08

It's dropped back to the three minute SMA 200. If it fails to support the intraday support is at 934.5.

[clarky5150] 27/7/2015 16:04

Blue start to URI also.

[clarky5150] 27/7/2015 16:01

Looking like a hanging man hammer if this holds...Bullish signal. GET BUYING BOYS AND GIRLS ITS TOP UP TIME

[bracke] 27/7/2015 15:53

Topicel

I don't use Level 2. You need to look at a 3 minute chart.

The share price has moved above the three minute SMA 200 which is now 938.26. The share price is 940.5. It needs to hold.

[topicel] 27/7/2015 15:45

Wooden planks Clarky, at least that was our version!

Topicel

[topicel] 27/7/2015 15:43

Ok Bracke, so just to be clear, this three minute SMA 200 is available on Level 2?

As you opined earlier, I'm more a buy and hold investor than an out-and-out trader, but if good timing results in a nice percentage either way then I wouldn't be averse to profit-taking either...

pushing up through 941 as I type myself I see. Delicately poised.

Topicel

[clarky5150] 27/7/2015 15:24

I was never very good with rhyming slang, septic tanks, 6inch planks, those ever modest loveable yanks.

[bracke] 27/7/2015 14:21

"I await the septic tanks opening to guide us."
===============================================

Where there's muck there's money.

[bracke] 27/7/2015 14:19

Topicel

Today's opening gap filled but not moved further up yet. It needs to continue the move up and move over the three minute SMA 200 which is at 941.7 as I type.

[clarky5150] 27/7/2015 12:59

A more regular volume today as well. I await the septic tanks opening to guide us.

[clarky5150] 27/7/2015 12:57

Nice find bb. Ive taken the liberty of copy and pasting the article to my URI thread.

[bigboots] 27/7/2015 12:51

Great article on URI

It looks like AHT are actually winning business from URI

[topicel] 27/7/2015 12:09

Very technical Bracke, but thanks for the tips.

As I understand you, the retrace pattern of the previous three days could occur again but equally if, per your post on Friday, if the close today is in positive territory then it should begin to regain some of the lost ground as we lead up to the next update in a little while...

Watching and learning. Cheers.

Topicel

[bracke] 27/7/2015 12:01

Indeed clarky.

As I type the share price appears to be about to close this morning's opening gap. The important aspect is what it does next.

[clarky5150] 27/7/2015 11:57

Hopefully the resistance will provide a good support once we get through it with conviction.

[bracke] 27/7/2015 11:49

I doubt many of you bother looking at the lower timeframe charts which is understandable because you are likely to be buy and holders but it can be useful.

If you look at the three minute chart with the 200 SMA you will see that over the past three days it has been resistance. In the scale of things it is unimportant but if you are considering a buy it may be worth observing price action at this level.

[clarky5150] 27/7/2015 11:36

Same sketch as Friday. Lets hope the shorters/profit takers have finished with URI. if so i dont see us visiting 900p

[bracke] 27/7/2015 11:00

"Don't tell me this is another early gap being filled Bracke?"
===============================================================

I wont. So far it's 1 pence short.

Interesting to note the high volume at the end of last week but so far no news of major s/holders selling.

[topicel] 27/7/2015 10:33

Don't tell me this is another early gap being filled Bracke?

A good trade for a few days but surely the value here will be seen again and prevent these falls/gains/falls intraday?

It does look like a summer doldrums thing more than anything suspicious in AHT's trading, plus the poor performance of URI.

I certainly won't go short anymore here, it seems too risky now. Broker consensus remains solidly above £12 on average and yet another out perform rating today I see with £13.50 as target. While these are often to be taken with a pinch of salt, the overall opinion does have some validity IMHO.

Topicel

[2flatpack] 26/7/2015 17:26

Just read the transcript of URI Q2 2015 Conference call.
They where defensive when asked about redeployment of plant from the oil sector
and cutting capex due to the surplus plant.
I think at National Pump they are left with major assets they cannot redeploy outside the sector, which are giving them the poor utilization and hire rates.
Maybe my rose coloured glasses again but I doe not think we have the same scale of problems.
as always I live in hope.
Cheers