Ashtead Share Discussion Threads

[ianwwwhite] 03/7/2014 14:07

bracke

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Re post 49674 27th June 14

The share price has broken above intraday resistance at 866 which may now act as support and out of the symmetrical wedge.

Now comes the more difficult part. On the Daily chart there are three resistance zones to breakthrough. The first is a trendline at 875ish. The second which is likely to prove more difficult than the first is an s/r at the mid 890's. The third is the recent high at 927.
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Time for an update?....

[bracke] 03/7/2014 13:38

Dealer

Still some leeway on the daily MACD.

If it can break and hold above the previous high there is a probability it may become support rather than drop back to fill the gaps.

[dealer1972] 03/7/2014 12:16

would be nice to break through :) im looking at rsi and macd indicators at the mo and following the recent rise, does the stock look like its now in overbought territory and the MACD has the look of a turn to the downside? Just wondered if the two previously mentioned gaps might be due a revisit?!?

[bracke] 03/7/2014 10:36

US data later may provide the impetus to take the share price over resistance.

You will note the last time it was at this level it tried on three successive days to break up before giving up the fight.

[2flatpack] 02/7/2014 13:33

When the gap talk start, it time to move stop losses up tight or so my monkey with a pin says.
cheers

[2flatpack] 02/7/2014 12:49

I see its time for the dentist again.

[bracke] 02/7/2014 12:33

And there is another one. 3 Month chart above, top left. A different type of gap.

[bracke] 02/7/2014 10:10

There is also an unfilled opening gap from last Thursday (26 June).

[fenners66] 02/7/2014 10:08

Bloody small gap.

[mayers] 02/7/2014 09:45

Gap up this morning I note.

[bracke] 02/7/2014 09:37

Nuts to that!

[uppompeii] 02/7/2014 09:27

I feel a competition for a Crunchie and a historical figure of your choice coming on...

[bracke] 02/7/2014 09:26

Through 900.

927 will be interesting.

[fenners66] 01/7/2014 20:11

Disco I beg to differ, as construction spending is seasonal comparing May 14 to May 13 it's up $2.3bn.

[discodave4] 01/7/2014 18:09

Thanks Bracke, commercial construction down about $0.5billion.DD

[bracke] 01/7/2014 17:20

Disco

My understanding is that the bulk of AHT's US business is non residential. The following is a better guide.

[james97] 01/7/2014 15:49

The monthly construction figures are often heavily revised. The year on year growth of 6.6% is a much more reliable figure. The kind of growth is fine as AHT are also growing market share and seeing increased rental penetration. Geoff Drabble has said steady growth that can be sustained for years suits AHT best.

[discodave4] 01/7/2014 15:17

Only up 0.1%. Bad month for private residential by the look of it.....oh well maybe not 900 today!.DD

[bracke] 01/7/2014 15:02

Disco

Not so good.

[discodave4] 01/7/2014 14:03

Bracke,From what I can find it's expected to be up by 0.4% to 0.5% compared to April's figures.DD

[bracke] 01/7/2014 13:47

Disco

If the US figures are good it may be sufficient to push the share price through 900.

[discodave4] 01/7/2014 13:36

US construction spend figures later today.......AHT hit the 900?, just wishful thinking.GLDD

[bracke] 01/7/2014 10:35

900 strong probability and then the retest at 927.

[bracke] 30/6/2014 16:47

In candle trading parlance they could be described as 'engulfing'.

[uppompeii] 30/6/2014 16:43

He'd have trouble finding a bottom in there, no wonder he looks at charts instead, plenty of room for a moving average too.