Ashtead Share Discussion Threads

[bracke] 04/8/2023 11:38

The gap at 5712 filled and share price back above 5700 can it keep it up this time

AHT DAILY

[perfido] 03/8/2023 17:35

‘Caterpillar flying’ ?

Unfortunately it failed to complete the metamorphosis transformation into a butterfly.

AHT is looking a bit toppy as well ….
.

[bracke] 02/8/2023 17:54

And back to challenge 5700.

[bracke] 02/8/2023 11:20

Good day disco

"Caterpillar flying!"
====================

Looks 'overbought' to me.....and there's a gap.


AHT

Just when you thought it was safe to enter...... 5700 comes back to bite! The SP's attempt to 'zoom' through a previous resistance zone has been negated and sent back to test 5600. In the process a gap has been formed at 5712

AHT DAILY

[disc0dave45] 01/8/2023 21:25

Caterpillar flying!

[bracke] 01/8/2023 17:54

URI responds very closely with the Fib Retracement.

Following the above estimate earnings report the share price has the all time high in its sights. Will AHT do the same?

URI DAILY

[perfido] 01/8/2023 15:34

bracke

Thank you for posting yesterday's graph, enhanced by the inclusion of the URI data, which highlighted some interesting parallels with AHT over time. Appreciated!
.

[bracke] 31/7/2023 18:53

disco

Dividend 10 August and earnings & revenue date on 05 September may have an effect.

[disc0dave45] 31/7/2023 18:30

Thanks Mr b,Do think with URI it's read across from the outstanding quarterly numbers given by HEES which beat forecasts and brokers have increased their target price by a massive 30%. At some point hopefully AHT share price will also get a boost and hit a new 52w high.

[bracke] 31/7/2023 18:18

Good day disco

You will see that the share price was not having any 'messing' with 5700 and treated it with disdain. It's onward and upward targeting the gap at 5830 and then the March high of 6012. If it achieves those targets it deserves a rest before aiming at the two gaps 6200 and 6328.

perfido mentioned URI. I have added a URI comparison line in orange.

AHT DAILY

[perfido] 31/7/2023 16:01

URI is currently up 3.7% at 462 on the day... also most encouraging 😊

[disc0dave45] 31/7/2023 14:19

Good afternoon Mr b, thanks for your views, most encouraging!.....next resistance?, sorry upfront if posted previously I'm being lazy zzz :)

[bracke] 31/7/2023 10:40

The gap at 5736 filled. Now upward to the next one at 5830?

The price action this morning is noteworthy. Bearing in mind what I posted yesterday about previous resistance at 5700 it appears that the vertical move this morning was aimed at preventing a repeat of the last confrontation with 5700. I suspect the aim will be to consolidate the rise and prevent a repeat of the action last seen at this level.

[bracke] 30/7/2023 16:13

The share price is being resisted at 5700. Looking at February on the chart it will be seen that the last time it was at 5700 it had several attempts at a breakthrough before it managed to do so with a large gap but was unable to hold and dropped back.

If it can breakthrough again it needs to fill the gap at 5830 and then target the March high of 6000. Failure to breakthrough will likely result in a retrace to 5600 as a minimum but possibly 5500.

Given that the performance of the US Market is a major influence on the share price one ponders how long before it has a meaningful pullback. I am well aware that the market can remain 'exuberant' a lot longer than one may think.....I've seen it before.

AHT DAILY

[perfido] 28/7/2023 17:10

Thanks bracke, you continued observations are appreciated.

All in all a good week for AHT 😊

[bracke] 28/7/2023 15:13

The share price has continued the break out of the horizontal channel and reached within two points of filling the gap at 5736.

AHT DAILY

[perfido] 28/7/2023 14:37

Welcome back Fenners!

[fenners66] 28/7/2023 08:30

Funny you should say that....

[perfido] 27/7/2023 18:58

Another stellar day for AHT goes unremarked upon by my fellow AHT stalwarts of this thread, plus 112p at 5686p

Surely our usual posters are not all on holiday, stuck in the Greek islands with temperatures at a high, on holiday ??

This share is on fire …. 😊
.

[bracke] 25/7/2023 14:48

AHT raising $750 Million

'Net proceeds from the offering will be used to repay a portion of the holding company's outstanding debt and for general corporate expenditures.'

[bracke] 24/7/2023 11:04

On Friday a break above resistance at 5488 and held. The target now the two gaps at 5736 and 5830. A lot going on this week with central banks deciding rates and big tech earnings.

DAILY AHT

[bracke] 18/7/2023 18:59

Good day disc0

I suppose that's one way of describing it. The discerning chartist would refer to it as being in a horizontal channel aka ranging.

In post 62077 I typed:

"The share price is now at a previous r/s zone indicated by the red horizontal line at 5136. The US market is likely the decider whether it breaks up or continues the drop probably to 4949."

5136 supported so 4949 will have to wait for another day. Thus far the rise in the US market has not taken the share price out of the channel.

Looking at the rise in the US market one would think all was right with the world and the way ahead was clear. The market appears determined to power on to new highs. Is it irrational or is it correct.

I view the charts of the main US Indices and think retrace/pull back/reversal. From previous experience I know the US markets can remain elevated a lot longer than I think they can.

AHT DAILY

[disc0dave45] 18/7/2023 13:51

Good day Mr bAHT doing a crab movement at the moment......new TA speak! lol