Ashtead Share Discussion Threads

[bracke] 02/11/2016 10:35

Ref Post 52720

1257.5 failed to hold and the share price has dropped to the fib at 1229.5 where it currently rests.

To buy or to wait?

The trend is down so you want an indication that it is about to reverse. The last major swing low was reached on 21 September at 1184. The probability is that it will want to test that level.

The other factor to consider is the US Election and who wins.

[kilgallp] 02/11/2016 09:36

D, I too enjoyed the webcast. However, analysts reaction was negative as the price fell over the next few days in reaction to it. I can only assume that analysts thought the plans were too optimistic.

[dcarn] 01/11/2016 20:48

Well I finally got round to watching the webcast from the Analyst and Investor meeting from 13th October 2016 and was very impressed.

I think seeing three hours of viewing time at the start of the webcast was off putting and the reason I never got around to watching it earlier, but well worth the wait.

Compelling viewing for any long term holder, roll on 2021 and I just hope the next five years are half as rewarding as the last five.

D.

[discodave4] 01/11/2016 12:54

No problem.DD

[ianwwwhite] 01/11/2016 12:51

DiscoDave4 & Palwing13

Thanks to you both for posting those interesting links, much appreciated

[discodave4] 30/10/2016 09:56

An opportunity or a sign of the times?hTTp://www.telegraph.co.uk/business/2016/10/29/cash-squeeze-and-debts-force-hewden-to-hunt-for-new-backers/DD

[discodave4] 28/10/2016 19:25

What's the rule if 7?DD

[2flatpack] 28/10/2016 16:54

Afternoon bracke
I am using-
100% 1184 21 Sept. 16
0% 1364 14 Oct. 16
74,6% 1227

Last top of triple top 1221 26 March 15
I expect this to give good support but its wait and see.
As always thanks for your thoughts.
Have a good weekend.
cheers

[bracke] 28/10/2016 16:20

Good day 2flat

I'm uncertain how you are measuring the fibs but be that as it may.

I have it resting on the second (1257.5( to last fib (1229.5) before the last major swing low at 1184.

If the current support fails and it drops to 1229.5 the probability is that it will want to test 1184.

[2flatpack] 28/10/2016 15:35

bracke
I see the the 76.4% is around the triple top area.
Not being a technical person I intend to start my spread betting account if it gets that low,long of course.
I see today is the sixth red in a row one more and the rule of 7 should kick in.
It all makes life interesting.
Cheers

[discodave4] 28/10/2016 13:35

Will await the bullish engulfing one then once these pesky ninja's have had their fun.DD

[bracke] 28/10/2016 10:29

Good day Disco

Sort of. They like to leave you guessing what they are going to do next.

Yesterday's looks like a Graveyard Doji, opened and closed at the bottom of the candle.

To-day the share price gaped on open, dropped but has pulled back up to the opening share price

Bears have been in control since the high at 1365 but bulls are putting the brakes on, will they hold. You can almost smell the burning rubber!!

[discodave4] 27/10/2016 20:01

Are they like Ninja's?, pesky little F&£)(rs!DD

[bracke] 27/10/2016 16:59

A doji to-day so honours even between buyers and sellers.

[bracke] 26/10/2016 13:27

The share price has dropped below 1300 and is currently supported on the 50% fib at 1280 (September high and low).Failure to retake and hold above 1300 is likely to result in a test of lower fib levels.

[discodave4] 23/10/2016 11:03

Thanks mjcferguson.Scanning through URI's previous quarters for their current FY, the latest was the first where they have increased their year end targets, ok they may only be marginal increases but a positive sign nonetheless. Michael Kneeland CEO commented:"Based on what we saw through the third quarter, and what we hear from our customers, we remain optimistic about the cycle. We now expect our 2016 rental rates and adjusted EBITDA to track toward the upper end of prior guidance and free cash flow to exceed our prior expectations."DD

[ianwwwhite] 20/10/2016 15:18

Nice one MJCF!

I see URI are currently +7.6% up at present, most encouraging 😄

[mjcferguson] 20/10/2016 15:09

United rentals third quarter figures out today look pretty steady, albeit they do not show the growth that AHT is achieving,partly due to headwinds in their oil and gas business (which AHT has minimal exposure to.

[bracke] 18/10/2016 11:48

I note the gap at 1309 was filled yesterday. Now being resisted at 1320.

After filling the gap yesterday the share price continued down below 1300 but pulled back up to close just above 1300. A close below 1300 would be concerning.

[bracke] 14/10/2016 16:57

A slightly disappointing day.

An early rise above 1350 and up to just short of 1370 but unable to hold. Dropped back below support 1320. High volume indicates profit taking. With profit takers out of the way perhaps the next attempt will hold.

[2flatpack] 14/10/2016 15:55

19.10.16 URI Q3 results.