Ashtead Share Discussion Threads

[discodave4] 13/4/2018 19:13

Thanks bracke, appreciate your feedback.........day trading though is not for me.DD

[bracke] 13/4/2018 17:06

Good day Laird

You don't think it was a Breakaway Gap?

[ianwwwhite] 13/4/2018 17:06

Plus 29p @ £20.60 at the close, must be an AHT Friday!

I think brackes' view was that that was a 'breakaway' gap, so not necessarily a problem. Two posturing bullies with their fingers poised over nuclear triggers is a bit more of a concern!
.

[lairddavid] 13/4/2018 16:34

Shame about the gap at 1930, just leaves room for doubt.

[bracke] 13/4/2018 15:58

Nice to see (for holders and those long) that the share price has broken above resistance. It should now continue to the ML at approx 2080. Thereafter resistance is at 2120.

[bracke] 13/4/2018 15:49

Good day Disco

"didn’t somebody say the biggest risks in trading/investing is not knowing what you are doing!"
===================================================================================

If somebody didn't then somebody should!

My conclusion is that if you are going to intra or day trade by self learning then 4/5 years is required to gain the necessary knowledge and experience to start making a profit.

During the 4/5 year learning period all the mistakes will be made more than once. So best to trade small and not get carried away when you have a good trade. A little learning is a dangerous thing.

[discodave4] 13/4/2018 09:31

ps think it was the man himself, Buffett, who said it.

[discodave4] 13/4/2018 09:28

Morning bracke,Haven't the know how or gonads for Index trading.......didn't somebody say the biggest risks in trading/investing is not knowing what you are doing!.Just buy and hold suits me.....with a smattering of spread betting for fun lol.Have a good one.DD

[bracke] 12/4/2018 12:49

Good day Disco

I am still holding AHT shares which are showing a small profit.

I note this morning the share price broke above 2027 but is now dropping back for another test.

I have been trading the FTSE but it has become becalmed and appears to be ignoring the Syria/Trump situation. I have played with fire and traded the DOW a couple of times but on a very short interval intra day basis.

[discodave4] 11/4/2018 19:07

Thanks bracke.How's things?You in, out, or shaking it about?DD

[bracke] 11/4/2018 16:32

Ref Post 55110

The share price duly rose to 2027 where as expected it met resistance.

Hopefully the Daily SMA 200 at 2000 will support

EDIT

That should be: Hopefully the Daily SMA 100 at 2000 will support.

The Daily SMA 200 is at approx 1870.

[smcni1968] 10/4/2018 22:42

New York investors day this week

[ianwwwhite] 10/4/2018 12:43

Bracke,

I agree, good job we're not the worrying kind of folk, given the global situation.

I wouldn't be surprised if we get another 'market shock' for one reason or another. Do nothing, hide behind the sofa again, is still my preferred strategy :-)

[bracke] 10/4/2018 12:09

Good day ian

It appears that the 'China Tariff' situation has gone off the boil so the market is happy.......for the time being. Next up Syria reprisal and FBI raid on Trump's lawyer. Never a dull moment.

[ianwwwhite] 10/4/2018 11:57

Good morning bracke

Thanks for the chart and guidance, appreciated as always.

Nice to see AHT looking quite perky at present :-)

[bracke] 10/4/2018 11:09

The share price has broken through 1980 resistance but may want to drop back to test it.

Next target 2027. Then the green ML,

The rising red line is the Daily SMA 200.

AHT DAILY

[discodave4] 06/4/2018 19:05

Update?, nothing until finals in June as far as I know.DD

[bracke] 06/4/2018 16:34

ali

I didn't know there was an AHT update. It wouldn't have made any difference to me if I had.

The situation with the share price hasn't greatly changed. It is hovering at the ML (middle green) and a previous high (black horizontal line). If it's going to make an attempt to move to the highs it has to break above the ML and continue to move up beyond the previous minor swing high at 2026.

Viewing the 4 and 2 hour charts suggests that it maybe consolidating.

[ali47fish] 06/4/2018 08:27

sorry bracke for the typo - i meant update

[ali47fish] 05/4/2018 14:56

bracke any idea what all this means for the udate tomorrow?

[bracke] 04/4/2018 12:53

"Could this be a late cycle SHORT?"
==================================

It may be. Depends if you think that the US Bull Market has ended.

EDIT

The charts in the link below suggest it hasn't.

[lebiche] 04/4/2018 11:51

Could this be a late cycle SHORT? I remember the FD saying that AHT is a play on the business cycle. One wonders if that cycle has peaked.

[bracke] 04/4/2018 11:47

Unfortunately for holders the chart is not encouraging. The trend is down but so far support has held at 1880. If support fails then next line of defence is the Daily SMA 200 (shown as the rising black line).

Although I do not particularly use chart patterns it is difficult to avoid thinking 'head & shoulders' when viewing the chart.

'IF' the supports mentioned above fail then it's women children and bracke first with the shorts.


AHT DAILY

[lairddavid] 02/4/2018 22:04

URI down 3.5%. Could be a bumpy ride tomorrow.