Ashtead Share Discussion Threads

[jackdaw4243] 04/12/2024 18:59

Happy I did not short.

Sun Belt are bigger in the states than UK and the Trump factor may good for the SP

[bigbigdave] 03/12/2024 07:48

RBC RAISES ASHTEAD TO 'OUTPERFORM' (SECTOR PERFORM) - PRICE TARGET 7450 (5200) PENCE

[jackdaw4243] 02/12/2024 15:57

Looks like a double top forming, there could be trouble ahead.

[bracke] 29/11/2024 11:52

I didn't mention in my post above the 'Trump Spike Gap' at 5968. It will fill, just a question of when.

[bracke] 28/11/2024 13:52

Good day disc0

If you are referring to AHT it will have to fill the gap at 6366 which should not be too difficult but it has been running out of steam at 6358.

EDIT 6366 GAP FILLED AT 14.24. It then decided it had done enough for the day, was feeling tired and dropped back.

Once the gap is filled it is likely to meet resistance at the last major high which was the 'Trump Spike' which took it to 6446.

The all time high was achieved on 8th December 2021 when it reached 6572.

If it is relying on the UK market to take it to an ATH the answer is no chance.

If it is relying on the US market in the normal course of events I would say no BUT 'normal' and 'US market' are not words I would use in the same sentence.

Qtr 2 results are due on 10 December so you can hope.



AHT DAILY

[disc0dave46] 28/11/2024 12:01

Is a new all time high on the cards before Crimbo?

[bracke] 21/11/2024 12:52

NVIDIA results better than expected but the markets generally took it in its stride.


AHT is supported at 6150-6140 which was a resistance zone in April and May.

AHT DAILY

[bracke] 20/11/2024 12:39

Or more likely NVIDIA who report today after market closes.

[palwing32] 20/11/2024 10:26

All eyes on Russia?

[jackdaw4243] 18/11/2024 16:38

That up tick-hit a lot of stops for CFD's and shorters.

[bracke] 14/11/2024 16:14

disc0

"It’s fenners fault!, leading me astray lol"
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Yes that is an acceptable reason for mitigation.

Just be careful you know how fenners likes to resort to facts to support his view.

The time honoured method on these threads is to support a view with emotion and personal opinion. Resorting to facts is considered underhand, the recourse of the abhorrent and is strongly discouraged.

A new all time high will require a Santa Rally in addition to the Trump Rally.

Normally when a President is elected the market rises, declines following the initial euphoria and then continues up. So far there has only been a mild retrace.

The market is awaiting the Nvidia results on the 20th November which may well cause an all time high.

[disc0dave46] 14/11/2024 15:15

Good day Mr bIt's fenners fault!, leading me astray lolA new all time high before Crimbo?...what does the crystal ball say?

[bracke] 14/11/2024 14:34

Good day disc0

"A move to the US may now be pushed higher up the AHT agenda?."
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That seems a likely move.

I note you have been causing upset on the CAV thread. tut,tut.

It appears that fenners and yourself have a penchant for informing people about things they do not wish to be informed about. You need to remember that it everyone's right to adopt the 'ostrich' position.

AHT

You will be pleased to note that the gap at 6284 has been filled.

AHT DAILY

[disc0dave46] 14/11/2024 11:14

Hi fennersDid pm you the charming message. Water off a ducks back.

[disc0dave46] 14/11/2024 11:12

Good day Mr bThanks as ever for your pretty chart.....and cheering me up about the UK market! lol.Imagine FY25 forecasts are now meaningless thanks to the budget and NIC costs.A move to the US may now be pushed higher up the AHT agenda?.

[fenners66] 13/11/2024 14:52

disc0 - seen your post on the Cav thread - par for the course for your new bestie.

[bracke] 13/11/2024 14:16

Good day disc0

I think the recent Budget 'put paid' to the UK Market. Doom & Gloom is the order of the day or should that be the next 5 years.

Inflation looks to increase so a slow down in interest rate reductions. There is the concern that price and tax increases will lead to a rise in unemployment.

All in all not a pretty picture.

Mr Trumps tenure should prove 'interesting' if nothing else.

AHT

The share price has retraced back from the 'Trump High' and in doing so has opened a gap at 6284. It is currently supported at the 23.6% Fib (6140).

If current support fails the next is at the 38.2% Fib (5946) which was previously a strong resistance zone so is likely to be a strong support zone. Dropping to this support would fill the gap at 5968.

AHT DAILY

[disc0dave46] 13/11/2024 13:44

US inflation 2.6%, a slight uptick but in line with expectations.

[disc0dave46] 12/11/2024 18:46

Good evening Mr bAlways want more! lolWas talking generally about the UK market rather than AHT. But still wouldn't say no to a new 52w high before the year end.

[bracke] 12/11/2024 18:02

Good day disc0

"Do hope Santa decides to drop by this year :)"
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WHAT!!! AHT has just had a very large rise courtesy of that nice Mr Trump's well deserved victory and you want MORE!! You put Oliver Twist to shame.