Ashtead Share Discussion Threads

[bracke] 05/2/2018 11:41

In my previous post (54966) I said :

"A previous major high (long black parallel line) may support but it may want to go to the Black ML (middle black line)."

It has dropped to the previous major high where it was supported which coincided with the LP of the rising blue PF (see previous chart).

If current support fails a drop to the 1900 zone is probable.

[discodave4] 03/2/2018 11:07

Cheer up fenners, a nice dip provides opportunities.

[fenners66] 03/2/2018 01:14

Market starting to look a like a correction.

Any company posting remotely bad news is being hammered.

[bracke] 02/2/2018 16:56

The short brown 'called' but did not support.

It has dropped to the confluence of the black and blue lines directly below the short brown but I would not put money on it being supported there. A previous major high (long black parallel line) may support but it may want to go to the Black ML (middle black line).

[discodave4] 01/2/2018 19:04

Thanks bracke, but pinks a lot nicer colour don't you think!.

[optomistic] 01/2/2018 18:29

Now that really simplifies it Bracke, thanks and have a good day out tomorrow :-))

[bracke] 01/2/2018 18:19

You will be pleased to read I am out most of tomorrow so it may be a chart free day.
However for those who want one more 'fix' here is one to be going on with.

This morning I posted the the share price was in a symmetrical triangle, it isn't now, it broke to the downside but you will note that it was held at the ML.

It's too early to tell just yet but it's close to decision time. Up above the dashed pink line or down to the short brown line, this would be an initial move with the bigger one to come.

Probability favours a drop to the short brown line but I'm not putting money on it yet.

[bracke] 01/2/2018 16:01

fenners

I attempted to do what you were expecting but because the percent rise for AHT and GBP:USD are so different the chart made no sense.

[fenners66] 01/2/2018 15:46

Hi Bracke - lol
But I am disappointed I was expecting the £/$ overlaid with AHT !

[bracke] 01/2/2018 15:11

Good day fenners

You'll be pleased to read that I have a chart for that......

GBP:USD DAILY

a href="http://tinypic.com?ref=ruwg06" target="_blank">

[fenners66] 01/2/2018 13:29

£ up vs. $ so AHT down?

[optomistic] 01/2/2018 10:36

Good morning Bracke...these charts get more complicated :-/

[bracke] 01/2/2018 10:30

It's decision time. The share price has formed a Symmetrical Triangle.

Be aware of false breakouts. ie breaks out one side only to reverse and drop through the other side.

[2flatpack] 31/1/2018 18:35

bracke
I follow your charts with great interest and have a healthy respect for your technical
abilities.
It is mumbo jumbo to me, because of my limited education but I do try.
Please keep them coming.
I much prefer the red overlay of your third chart, its been therapeutic after the shock of its predecessor.
cheer

[bracke] 31/1/2018 17:41

Good day 2flat

Surely none take any notice of my charts!

Being such a loyal bunch I thought you would be 'diving in'.

Although the FTSE continues to suffer with depression the DOW pulled back some of yesterdays losses. Plus the FED have an interest rate decision later to-day.

I suspect it is only a matter of time before I put my shorts on.....summer's coming.

Here's a 'mumbo jumbo' chart for you. You can see where the share price is being resisted.

At the risk of being accused of 'too many lines' I have drawn in the red PF which would apply IF the share price continues up and fails to move back into the blue PF. You will note that the share price reached the red ML before dropping back.

If the share price falls and closes below 2058 the probability is that there would be more to come.

[bracke] 30/1/2018 15:32

Very quiet on here. I thought you would all be lining up to buy after the drop.

A terrible thought!!! Surely you'r not waiting for a bigger drop!!!!

[bracke] 30/1/2018 10:29

High volume yesterday but a tight range and minimal change on the day. Buyers and sellers balanced.

Twenty point gap this morning. Anyone for a fill.

EDIT

Now 30 points.

[lairddavid] 29/1/2018 23:32

Fenners, I did and I now wish I hadn't!! along with a few others i suspect.

[discodave4] 29/1/2018 23:23

Just a humble millionaire then!.........still, 20 years, respect!.

[fenners66] 29/1/2018 22:17

I wish! I sold half of them a very long time ago.........

[discodave4] 29/1/2018 21:28

fennersWow, 20 years............multi millionaire!DD

[bracke] 29/1/2018 15:23

You will see in the chart below that following a retrace the share price was supported at the quartile sliding parallel ( second from top black line). It then rose above the major high achieved in mid December. So far so good.

To prove it's still got the 'oomph' it has to rise at least to the previous high (pink line).

[fenners66] 29/1/2018 12:45

Its funny how over the years you kinda wonder if you could have done a better job.

There have been times when I said to myself bed and ISA them and if it rises in future you will avoid CGT.

I failed to do so and ..... resorted to selling CGT allowance each year instead.

Now I think that had there been no CGT problem I would have sold too early....

So who knows?

[ianwwwhite] 29/1/2018 11:17

Hi fenners,

Me too, class of 1997 - seen a few ups and downs since then!