Ashtead Share Discussion Threads

[bracke] 21/12/2023 16:31

Good day disc0

"So our cousins had a risk off day yesterday and we have to follow"
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It was about time! The US markets have had the afterburners on for 8-9 days.

The US is having a retrace back up today but I'm far from convinced that the drop is over.....but then it is the US.

Below is the S&P500 Chart. If the index breaks above the large red dashed line at the top, holds and continues up it's in new territory and who knows where it will go.

S&P 500 DAILY

[disc0dave46] 21/12/2023 13:50

Good day Mr bSo our cousins had a risk off day yesterday and we have to follow.....rude not to!.

[bracke] 17/12/2023 15:05

Good day disc0

"As to your question - would wait and see if SMA50 provided support or not."
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That's a very 'chunky' drop to approx 4900. Given the gap from 4980 you could be in luck.

[fenners66] 16/12/2023 12:21

I see normal service was resumed and AHT fell of a small cliff at the close...

[disc0dave46] 16/12/2023 11:26

Good day Mr b"Mr Bailey didn't follow Mr Powell neither did the ECB."Did follow in terms of holding but yes Bailey was a Grinch, but that's why they say he has an ultra pessimistic view of the UK economy....and IMO the guy is wrong and will push the UK into a hard recession if he maintains his negative views for much longer. Can't even believe that three of the BoE policy makers want further interest rate rises! - unbelievable IMO.As to your question - would wait and see if SMA50 provided support or not.

[bracke] 15/12/2023 14:00

Good day disc0

Mr Bailey didn't follow Mr Powell neither did the ECB. Has Mr Powell gone too early. Those of a cynical nature are suggesting that the Presidential Election next year has something to do with it...

AHT share price had a nibble at the 78.6% Fib this morning but it was a case of a nibble too far and has dropped back.

Will you be a buyer when the share price drops back to fill the gap at 4980?

AHT DAILY

[disc0dave46] 15/12/2023 13:00

Bailey is the Grinch!

[disc0dave46] 14/12/2023 18:13

A fair number of highly geared companies benefitting today from Mr P, including AHT, which is great. Just a pity I trimmed some, oh well.

[bracke] 14/12/2023 17:37

Good day fenners

It rose to fill the gap at 5468. Next in line is at 5712 if it can move above possible resistance at 5506 which is the 78.6% Fib.

AHT DAILY

[perfido] 14/12/2023 17:37

Hi fenners,

Could it be day traders short closing?

Tomorrow should be interesting…..

[fenners66] 14/12/2023 16:54

A refreshing change - instead of the usual AHT late dip it Rose !

[perfido] 14/12/2023 14:47

bracke,

As always, thanks for your graph and analysis, most helpful

I notice that URI is still flying today as well, currently +3.6% @ 549.31

[bracke] 14/12/2023 13:36

Yesterday Mr Powell was fully resplendent in his pure white Dove plumage. It appears the Hawk plumage has been sent to the cleaners prior to long term storage.

AHT - Soared through 5244 to fill the gap and nearly reached the gap at 5468. In doing so a gap from 4980 was created. The share price is currently supported at 5276 which is the 61.8% Fib.

What next? The first target has to be the gap at 5468. Before going for 5468 a period of consolidation may occur to confirm support at 5276.

The danger - There are numerous indicators flashing that the US Market is due a pullback.

c_k - Volume is delayed. Wait until the end of day to see what the volume is.

AHT DAILY

[c_k] 14/12/2023 12:03

It's great news but I am surprised at the lack of volume

[perfido] 14/12/2023 11:39

(Duplicated post removed)

[perfido] 14/12/2023 11:23

Hi hjs

You may well be right, I would certainly look to buy some more if the price drops in due course.
.

[hjs] 14/12/2023 11:18

imo, AHT has been undervalued for some time and now someone has realized that there is considerable value here. I think AHT is in play.It is already up over 8%.

[perfido] 14/12/2023 11:17

Wow!

AHT has risen to a dizzy height this morning, and the dollar has fallen back recently, Powell has spoken, what's to make of it?

Being of a cautious disposition I have sold 10% of my modest residual holding to manage risk and avoid vertigo at 5372p

My previous sales were at 5156.7 (11/11/22) and 6484.3 (12/11/21)

No advice intended, and good luck to all other holders

:-)
.

[disc0dave46] 14/12/2023 08:51

Well Mr P has certainly given Santa the green light, particularly for those with debt.Message to oneself - sit on hands more!.

[fenners66] 14/12/2023 08:32

That's more like it but no doubt we will have to mind the gap

[slogsweep] 14/12/2023 08:12

£1.4 trade gone through at 8:05 and by 8:07 another 350 trades for low 1000's after a £3.00 price rise

[fenners66] 13/12/2023 20:26

Dow and S&P up
URI goes over $530 and AHT goes down on the same day....

[disc0dave46] 13/12/2023 19:55

No surprise that the FED have held rates, but more positively suggested multiple cuts to come in 2024 (pencilled in three) with further cuts in 2025 & 2026. This was implying no more rate hikes are likely.....the market seems to like what was said anyway.

[fenners66] 12/12/2023 17:48

URI reaching new all time high or thereabouts $512 and the UK market marks AHT down.

Perhaps it's time to relist in the USA ?

[perfido] 12/12/2023 13:32

Thanks bracke, I will continue to watch from the sidelines with interest..
.