Ashtead Share Discussion Threads

[bracke] 15/2/2016 11:59

Good day Disco

"I just want one or two key signals though to instantly react to, either buy/sell :). Which would you use?."
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I wouldn't. There are a host of indicators available. You need to investigate them yourself and see which suit you best.


"Being cheeky now, but if you graph WKP against AHT the majority of your points (I think!) would not stack up in the case of WKP's decline."
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What! You have to be joking! I have not looked at WKP previously but as soon as I opened up the Daily chart the similarity struck me.

1 Triple top just short of 900.

2 Broke below the Daily SMA 200 for the first time since 2012

3 Continued down breaking below 900 and then 870.

4 A few feeble attempts to make a higher high.

5 Attempted to hold at 800 but unable to do so.

6 Supported at 700.

7 Resistance is now at 740. If it can break and hold above this level the next resistance likely to be 780.

[rhatton] 15/2/2016 11:55

Nice move up in the markets today. Perhaps the shooters holding this one back a bit?

[source] 15/2/2016 09:33

Bullish sentiment near historic lows. What happens next?

hxxp://lplresearch.com/

Regards,
Source.

[source] 13/2/2016 18:13

Thanks Bracke - in you final para do you thing it will make up to the 965p gap next? know you said theres some resistance at 900p first also).

Regards,
Source.

[discodave4] 13/2/2016 12:21

Many thanks 2flat and Bracke.Bracke - I see what your saying and for yourself all these signals are second nature in building up a bearish or bullish picture. I just want one or two key signals though to instantly react to, either buy/sell :). Which would you use?.Being cheeky now, but if you graph WKP against AHT the majority of your points (I think!) would not stack up in the case of WKP's decline. The only similarity appears to be the "waterfall". It issued a positive interim statement on 22nd Jan, hit its 52 week high on the 29th.........then wallop.Thanks in advance.DD

[bracke] 13/2/2016 10:47

The Warning Signs

1 The warning signs will be different depending on the time frame you are trading. I will work on the Daily chart.

2 Double, triple or multiple tops can be taken in two ways A) It is only a matter of time before it breaks through B) It has tried 'X' times to break through and is unable to, people will start selling.

Whether you are an 'A' or 'B' type, multiple tops are resistance with all that implies.

3 Looking at the Daily chart you will see that for the first half of 2015 it ranged between 1000-1200 until it gapped below 1000 in late July BIG WARNING.

4 It came back up and attempted several times to break back above 1000 and eventually did so and held in mid November BIG CHEERS.

5 It rose but failed to reach the three previous highs. It got to 1160 which if you look at the chart you will see that zone had resisted previously. Zone in on the price action that followed. It dropped back from 1160, rose again but could not reach 1160 BIG BIG WARNING. It was unable to make a higher high.

6 What then followed was text book lower lows and lower highs ie 'the waterfall'

Buyers are looking for the bottom. If you use charts you will be looking for higher highs, price action following gap fill, breaking above s/r using Daily chart and lower timeframes to improve accuracy.

[source] 12/2/2016 23:03

Seems to have triple topped a few times over the years though...

Regards,
Source.

[2flatpack] 12/2/2016 22:43

Disco
If you don't mind me joining in I posted this back in May 15
.
From my googling of Triple tops .
They are a bearish indicator .
Having watched the AHT triple top unfold it's bouncing off resistance .
I find it hard to see it as a bearish indicator ,just normal behaviour for AHT.
I think and hope the share price will drop before results but I see no indication of a change to the upward trend.
As always I stand to be corrected.
Cheers
.
That was my biggest mistake ignoring the technical s.( to my cost )
That seemed to be the start of the problems for AHT with most, if not all of the factors out of their control Greece ,URI ect.
As always I stand well corrected.
That is why I appreciate all the posts, as often they highlight areas where I seem to have a blind spot.
Cheers
Cheers

[discodave4] 12/2/2016 19:38

Thanks Bracke,If you don't mind me asking, if there was one/two bearish signals over the past year or so that could have been an early warning of the decline in share price here (or anywhere) what would it/they have been? - guess you may say it is a combination of more than just two signals! - you can't though, won't let you, has to be two maximum! :).From a novices point of view I'm leaning to the price going below the SMA200 (& possibly an RSI of 30 or less). AHT did fall below the SMA200 Jun/Jul which led to the August low, so guess it would have been prudent to sell in Jun/Jul and just sat it out?. That said would you have expected the fall in early Jan when the share price had recently gone back above the SMA200 and there was a golden cross I believe.Sorry, just trying to learn from what has happened in order not to be caught out again, well not so much anyway!.ThanksDD

[source] 12/2/2016 19:17

I guarantee 805p will hold for the next two days! Will that do it? :)

Regards,
Source.

[bracke] 12/2/2016 18:44

Closed at 805 but will it hold? If you look at the Weekly chart it was the SMA 200 which provided support, a further test of that support should not be ruled out.

Filling the gap up to 965 may take a while. 900 is likely to offer resistance.

Watch next week for another thrilling installment of AHT and the Hopefuls.

I expect all s/holders to be down on their knees over the weekend offering up prayers for deliverance plus a little self flagellation may help but no enjoyment to be taken!!

[2flatpack] 12/2/2016 16:56

I hate to repeat myself but was that the bottom .It was hell of a fight Thursday .Lets hope the bulls won and we are back to the good old Ashtead Fridays up over 4%.
Didn't think we would break through 800 ,lets hope it sticks .
Only another 40p and I am above water,unless I can find some more money.
Presidents day Monday so maybe that's why we broke the 800, all the shorters are off for a long weekend.
Onward and upward .
cheers

[dealer1972] 12/2/2016 16:29

£9.65 gap fill please :)

[source] 12/2/2016 16:18

Some wider positives coming through...Oil up quite a bit, Many Miners up significantly (+9% today!), Yellen mentioned US construction remained strong & Deutche Bank is buying back its debt to increase its capital further...

...and of course Ashstead seem way over due a jump after sever falls recently! :)

Regards,
Source.

[bracke] 12/2/2016 15:54

It filled yesterdays opening gap. Can it now go on above 800 and hold?

[kilgallp] 12/2/2016 07:56

Well I added a few yesterday afternoon, as I felt they were oversold. But I suppose it's anyone's guess where they go from here.

[bracke] 11/2/2016 16:24

Here's a nice chart for you Topicel.

Before a recovery can be said to be underway the share price needs to rise and hold above the two lower magenta horizontal lines.

FTSE 100 1 hour

[topicel] 11/2/2016 15:33

Fair enough for the DOW. The FTSE is already there which is even more global.

Athens is not so good either. Lol.

The strong recovery this afternoon augers well for the next few sessions if Janet can keep a lid on it!

Even £9 seems a long way off again now, but just a small thing like a firm statement from the Fed of no more rate rises this year or super Mario increasing his asset purchasing as hinted he would in March could well see a big swing north.

I think most chart and analysis gurus may be taking gardening leave the longer this continues. ;)

Topicel

[bracke] 11/2/2016 14:23

Good day Topicel

From its high in May last year the DOW has fallen 2700 points which is 14.8%.

I was thinking 20-25% which would put the DOW in the 13,800-14,700 region.

[topicel] 11/2/2016 14:11

Lol Bracke! What do you call a major sell-off old bean?

You mean bear territory I suppose? Are we not already there from the 2015 highs?

Topicel

[bracke] 11/2/2016 10:35

800 was unable to support and the share price has dropped to the Weekly SMA 200 which it has not done since August 2011.

Unless the market as a whole is heading for a major sell off I would expect that the probability of the share price being supported at the Weekly SMA 200 is a fair one. If it isn't then 700, although and you will not like this; 600 has given better support than 700 in the past.

[2flatpack] 11/2/2016 08:43

Back to the old act of catching falling knives.
Doubled my bet at 750.
Will I ever learn.
Cheers

[clarky5150] 11/2/2016 08:25

I don't know about ftse100, we will be aim by March at this rate.

[herewegouk] 11/2/2016 08:25

Down 5% on 316 thousands transactions this morning.