Ashtead Share Discussion Threads

[fenners66] 16/11/2017 16:01

URI and H&E soaring again.

[bracke] 16/11/2017 12:40

Good day 2flat

Arguably provided the share price remains above the LP (lowest red line)which it has so far, it is still in a rising channel but has pulled back. The alarm bells ring for holders and joyous bells ring for shorters if the LP fails to hold.

There is the possibility of support at 1840 but if that fails then the ML at 1800 comes into p[lay.

It's getting interesting.


Disco

I shall be dropping a note to Santa Claus regarding your 'dissing' my charts so be prepared for a present free Christmas!!

[discodave4] 15/11/2017 18:54

brackeWas thinking Christmas tree!You know I'm only jesting, thanks as usual for your TA.DD

[kilgallp] 15/11/2017 16:22

Bracke. Fwiw, I thought the colour was beneficial.

Lunch in my local helped the head no end!

[2flatpack] 15/11/2017 15:07

Afternoon bracke
I like your artwork .
We look to have dropped from the rising channel, into the top of a consolidating channel, with the ML around 1800. Not quite the 200 day but it gives me hope for an entry level before result.
Thanks for your efforts.
Cheers

[ianwwwhite] 15/11/2017 12:53

Good afternoon Bracke

My comment was very much tongue in cheek, we do appreciate your efforts to enlighten us, and colour does help!

Thanks!

[daniel levi bmd] 15/11/2017 12:42

FYI

UKOG, ANGUS Energy & the Liars Now Exposed In Full! Lenigas & Bell Sold ALL their Stock!

Dan
x

[bracke] 15/11/2017 12:40

Good day Posters

Disco

I'll try and put some glitter on the next chart......just for you.


kilgallp


Yes I appreciate the wordy description was not easy to follow which is why I said better to concentrate on the chart. Hope your brain is better.

ian

Yes I agree black and white is better but I thought it preferable to use colours to differentiate between the two PFs' and also show the overlap.


Palwing

If you google 'financial pitchforks' the chart would make more sense.

[palwing13] 15/11/2017 11:16

I haven't a clue what ANY of it means...but thanks Bracke. Appreciated.

[ianwwwhite] 15/11/2017 10:03

Good work bracke, interesting and thought provoking.

As an aside to my mind, the chart is far less scary if viewed in black and white! :-}

Top job, many thanks,

IW

[kilgallp] 15/11/2017 09:11

Doh! My brain hurts.

[discodave4] 14/11/2017 22:14

Ooooh pretty colours!Thanks bracke :)

[bracke] 14/11/2017 16:42

If you click on the link below and wait a few seconds a chart with two PFs' should appear.

The first PF I drew is with red lines and light red hatched area. The centre line is the ML the top line is the
UP and the lower line is the LP. The two inner lines are guides.

The later second PF is shown with black lines and grey area.

The darker red area shows where the two PFs' overlap.

You will see that the share price reached the red ML and continued to track along it but has recently dropped down below the inner red line towards the red LP but has been supported by the black inner line

The share price is in decision territory. If the black UP fails the probability is a visit to the black ML.

I hope the foregoing is not too difficult to understand, perhaps easier to just concentrate on the chart

[2flatpack] 13/11/2017 16:07

Cheers bracke

[bracke] 13/11/2017 14:49

Good day 2flat

The share price is heading towards the Lower Parallel (LP) of the Pitchfork (PF) which would result in an share price of 1870. The SMA50 is at 1832 but it's history as a support is mixed.

IF and I emphasise IF the LP fails to support there is a reasonable probability that it will continue down to 1800.

[2flatpack] 13/11/2017 14:01

Afternoon bracke
To my inexperienced eyes support looks to be around 1860 then 1830.
Still time for the 200 day before Q2.
Waiting for a dip two to three weeks out from Q2 to jump back in.
As always I live in hope.
Cheers

[fenners66] 10/11/2017 22:21

But URI closed up a $

[bracke] 10/11/2017 18:01

Good day 2flat

200 SMA!!!! It's at 1680. A few support zones before it gets down there.

So no more of that sort of talk please!!

[2flatpack] 10/11/2017 17:42

Go on bracke tell us, as you know I am a keen buyer at the 200 day sma. is there any chance.
Have a good weekend all.
Cheers

[bracke] 10/11/2017 15:25

1920 failed to hold so what next? I refer you to post 54579 in which I suggested next support zones were 1911 & 1896.

1911 did not support but 1896 has so far.

I will, for the time being, refrain from suggesting the support zone if 1896 fails. I don't want to be thought of as a deramper!

[fenners66] 10/11/2017 10:14

That is true DD - however we have reasons for "investing" - dividends , growth in profits and markets , new products , great balance sheets and cash flow , or perhaps even technical indicators etc.

Then there are those who "gamble" that because a company's share price has plummeted it must be cheap and must rise - even when same company just wrote off £1bn - or 5 years worth of declared profits , has £1bn of net debt , has £405m of negative net assets , has a plan to write off another £100m and has a pension deficit of £600m, oh yeah and is about 500% geared !

Couple that with it's major market being construction - where it has to guess when it tenders for work , how much profit -LOSS they could make and actually show themselves unable to guess correctly, then have 5 years worth of orders that were tendered by the same individuals that got them a £1bn write off.

When you get that lot together oh yeah with an AGM message 2 months before an £845m write off (not the sort of thing you do overnight down the pub) that said everything was fine ! and you kinda wonder what the company has going for it. Some still believe that debt for equity or rescue rights issues cannot happen and so gamble that the share price will just rise instead......

[discodave4] 10/11/2017 09:15

Adage: Only invest what you can afford to lose.Suggests investing has some element of a gamble......the purists will no doubt completely disagree, I on the other hand accept that no matter what, an investment can always go against you.....irrespective of you're initial certainty (odds on) or who you are (Buffett - TSCO, Woodford - too many to list!).DDps Thanks bracke, 1920 come and gone but where at close?.

[bracke] 09/11/2017 15:37

No problem with gambling and hoping as long as you know you are and can afford it.

The problem is the novices who get taken in by the rampers and over commit.

AHT

I note the share price is testing 1920 again. It was resistance which became support but it does not appear to be certain that it remains support.

[fenners66] 09/11/2017 13:56

When I say keeps me away from the TV - I do watch Bloomberg at the same time .....

Yes some will continue to ramp their own position in the face of the evidence - which is fine they have to.

I prefer it when you get the honest opinions where they admit they are just gambling and hoping