Ashtead Share Discussion Threads

[bracke] 25/6/2014 14:06

Disco

I don't know how long you have been trading or what your strategy and methods are.

There is one thing I can tell you. If you intend to use charts and are self taught you are looking at several years of learning before you become reasonably competent but the learning never stops.

[bracke] 25/6/2014 14:02

"bracke would welcome anyone."
=============================

perhaps add 'within reason'

It's a public forum. There are a number who post and probably lurk who were here before I arrived. I simply post my views. If they are not liked ignore them and/or filter me.

[discodave4] 25/6/2014 13:19

Bracke, Thanks once again for your time....it's beyond Me!, cannot see the "what's next" at the moment, perhaps it's more experience or instinct needed.DD

[uppompeii] 25/6/2014 13:01

Besides it's not a private narcissistic group, it's a public forum, bracke would welcome anyone.

[bracke] 25/6/2014 10:51

mayers

I totally agree.

Do I not provide valuable insight into probable price action? Yes I do.

Is it not there for all to see in the chart? Yes it is.


Disco

Double bottom? No.

"Could the upper symmetrical wedge be the same as the DB confirmation line?" No.


Go back to my chart. Look at the trend, s/r and price action.

The share price topped at the start of April and then dropped until the 16 May when it reached the Daily SMA 200. It then put in a biggish swing upwards but did not reach the high. It then dropped but so far remained within the biggish swing and found support where it had done so previously.

What next

The trend is down. Probability is a drop to 760ish where there are a number of likely supports. If it does move up intraday resistance is likely at 866.

[discodave4] 25/6/2014 09:07

Bracke,Is it a double bottom?Could the upper symmetrical wedge be the same as the DB confirmation line?Mayers,Why don't you start the ball rolling?DD

[uppompeii] 25/6/2014 08:46

Try scrolling back a little mayers and you can find some useful information. For starters :

broadwood 18 Jun'14 - 23:40 - 49622 of 49644 0 0

Despite Tuesday's results failing to inspire the market, broker Oriel was very bullish on construction equipment rental group Ashtead and said it foresaw "growth enduring over the next several years".

The results may not have contained any material upgrades, but they did demonstrate the "remarkable progress" that the group has made and the potential for its non-residential construction markets in the US and the UK.

Oriel expects an enduring construction market recovery and for Ashtead to "ride this wave" thanks to its proven ability to take market share in a fragmented equipment rental market.

Wednesday's release in the US of May's Architect Billings Index showed a jump to 52.5, indicating growth, from a series of sub-50 declines.

Analysts admitted this was only a single point in a volatile series but reaching positive territory was consistent with views of a growing non-residential market.


You may also want to reference :

fenners66 24 Jun'14 - 15:05 - 49640 of 49644 0 0

US new housing starts May up over 18% !

Annualised new housing at 500,000 rate

Google it.

Also how about looking at $/£ exchange rate movements and how they impact?


Thats just a few days, you can't expect everyone to cut and paste previous posts for you because you get offended by light hearted chat while things are quiet.

[mayers] 24/6/2014 22:15

Is there anyone who can provide some valid economic assessment of this company as opposed to this silly game conducted by this private narcissistic group? I personally find these contributions tiresome though the participants clearly regard their contributions the height of comedy. I would welcome some sound economic evaluations.

[bracke] 24/6/2014 18:15

My bleeding heart!

[uppompeii] 24/6/2014 15:46

Oh its bracke's heart trace!

[bracke] 24/6/2014 15:42

Et tu fenners?

[fenners66] 24/6/2014 15:05

US new housing starts May up over 18% !

Annualised new housing at 500,000 rate

[fenners66] 24/6/2014 15:04

is it a coral picture?

[bracke] 24/6/2014 14:10

'Pearls before swine.'

I am wasted here.

[2flatpack] 24/6/2014 13:04

I agree bracke.
There's no black in a rainbow.
Is it a google map?
cheers

[bracke] 24/6/2014 12:13

"Stupid Boy"

[uppompeii] 24/6/2014 11:08

Is it a rainbow?

[bracke] 24/6/2014 10:42

I thought you might like a colourful picture to brighten the mood.

Green lines = symmetrical wedge. Apex 28 July.

Blue line = Long term trend.

Red lines = S/R.

Yellow line = Unfilled opening gap.

Black wavy line = Daily SMA 200.

I will leave you to draw your own conclusions.

[clarky5150] 24/6/2014 09:34

And down again. Lets see if we follow yesterdays pattern. 850 proving difficult to master.

[broadwood] 23/6/2014 16:17

Recovering US housing starts.

[clarky5150] 23/6/2014 12:33

Qiute a tussle going on this am.

[discodave4] 20/6/2014 10:28

Birmingham?DD

[dealer1972] 20/6/2014 09:22

The path to the dark side that is, mmmmm

[2flatpack] 20/6/2014 08:34

and fear
cheers