Ashtead Share Discussion Threads

[bracke] 19/1/2015 17:46

We are trading/investing in 'interesting times'

Greece, EU QE, UK Election, China margin crackdown, Ukraine, etc.

As we have seen with the move by the Swiss Central Bank 'Black Swans' cause mayhem.

2015 promises to be a volatile year.

[ianwwwhite] 19/1/2015 17:07

James97
Good point!

DD
You are absolutely right, of course, I'm baffled!

Bracke
Good point, but I think we have been very well served by both yourself and Fingers xxd, so it is unlikely!

In the meantime nice to see AHT has shown some resilience today, although URI has not been able to dictate the play for a change.

[discodave4] 19/1/2015 15:59

PsNo offence intended!DD

[james97] 19/1/2015 15:29

Matt will move on once he closes his short.

[bracke] 19/1/2015 15:21

ian

And I though I'd sorted how to post a Capial Spread chart on here.

I'm sure you will understand my reticence to provide my user name and password!

I have removed the link.

I am happy to move over for Matt.

[ianwwwhite] 19/1/2015 15:14

Hi bracke,

Unfortunately your link above requires me to input your user name and password for Capital Spreads.... go on, you know you can trust us!!

In the mean time, it seems there is a new Guru on the block?

[rhatton] 19/1/2015 15:01

Gone long here.

[ianwwwhite] 19/1/2015 14:56

Hi matt123d

Re 50418:
-------------------------------------------------
Using a different charting package but I can email it to you if you want to edit it and post it here.
-------------------------------------------------

If you can't post the chart, can you tell us the source or methodology for the charts underpinning your comments ...?

[matt123d] 19/1/2015 11:53

Price action as expected today, touched the underside of the declining daily triangle and failed to get back inside. Still inside last week's range and above last months low though but is red on all time frames.

[bracke] 19/1/2015 11:19

I am not having much success trying to post the charts provided by Matt.

[bracke] 18/1/2015 15:45

Ref Matt and the Monthly Chart

If you look at the Monthly chart it will seen that the share price has been in the same position at 600 and 800 ie. those levels became support for 3-5 months with the occasional 'toe below' to test the support before deciding to break up.

It would not be surprising if the exercise was repeated.

A break and hold below 1000 would cause consternation. Continuance past the Daily SMA 200 would add to the upset but provided it held above 900 it would remain in the uptrend which commenced in June 2012.

A drop and hold below 900 is likely to result in cries of 'women and children first' (with fenners appearing in drag).

It is worth noting that the share price was resisted at 800 briefly and 1000 more strongly such that it was sent packing down to 800 which provided support. before rising and breaking above 1000.

The scenario is being repeated with 1200 and 1000.

It is at the cusp again

Matt

I will look in detail at your charts tomorrow.

[discodave4] 18/1/2015 12:07

Matt,Thanks for your feedback, it's clearer now that your previous statement that "it's certainly not a long" was in terms of day trading rather than a long term investment.Bracke,Hope things get sorted for you.GLDD

[scottn93] 18/1/2015 08:02

Where did you learn your tech skills matt123d?

[matt123d] 17/1/2015 20:03

Bracke,Email sent. Dave,Currently red on the month therefore sellers in full control on the most powerful timeframe. If you're looking for a short term trade against the current trend then maybe but it needs to at least be green on the week and back within the triangle. There is potential to 1075p for a bit of a squeeze before the next area of supply so if that's the sort of trade you look for then there could be an opportunity but you're going against the monthly participants who are controlling the stock at present.

[bracke] 17/1/2015 15:11

matt

I have sent you a message with my email address.


Disco

Been somewhat busy and distracted with other matters since before Christmas, so not much trading and no short.

[discodave4] 17/1/2015 14:38

Can you also show/state why not a long......thanks.Bracke, hope all is well and you had a nice short.GLDD

[matt123d] 17/1/2015 12:28

Using a different charting package but I can email it to you if you want to edit it and post it here.

[bracke] 17/1/2015 11:29

matt

Are you able to post a chart showing the daily triangle you refer to please?

[matt123d] 16/1/2015 21:34

Possibly a short term bottom, slight lower low on the monthly and right back up. On the underside of the daily triangle though so will need to get back inside otherwise it will roll over. It's certainly not a long though.

[rhatton] 16/1/2015 16:00

could that be the bottom?

[matt123d] 15/1/2015 13:01

Taking out last months lows now.

[matt123d] 14/1/2015 15:51

965p is a level.