Ashtead Share Discussion Threads

[discodave4] 04/7/2017 18:52

Thanks bracke.

[bracke] 04/7/2017 18:19

There's always one!

[2flatpack] 04/7/2017 18:05

YES I DO !!!!
Small long opened @ 1573.
Cheers

[bracke] 04/7/2017 17:01

The share price managed to drag itself up from the day low but not by much. It's looking weaker and weaker and not helped by the US markets shut to-day.

[bracke] 04/7/2017 10:57

disco & uppompeii

It does indeed appear as you post. The share price does the reverse of my action.

To-day it is again nudging at 1550 support. It appears to be in a descending triangle ie. sloping top line, horizontal base line. The probability is for a breakdown below the base line BUT beware of false breaks. It is not unusual for a breakout one way or the other to reverse and breakout the other side.

The share price is close to the triangle apex which means that a break is imminent.

Targets - Down 1500. Up 1650.

You've gotta ask yourself one question: "Do I feel lucky?" Well, do ya, punk?

[uppompeii] 03/7/2017 19:39

You're right discodave, it was shining when bracke was short and immediately reversed when he went long.A brackeish reverse signal I think it's called.

[discodave4] 03/7/2017 19:28

I blame bracke for going long! :)Can you put a short on, that will get it moving in the right direction, namely upwards!.DD

[bracke] 03/7/2017 18:14

Good day uppompeii

Yes it does.

URI has been rising but is about to meet possible resistances.

AHT has been trading in a horizontal range. The Trump expenditure on infrastructure now appears to be some way off if at all, so the euphoria surrounding the share price has abated. There have been a few attempts at breaking below 1550 was have been resisted and a few attempts at breaking above 1620 also resisted. Sooner or later the break will come we have to gauge what will cause the break and the probability of the direction.

The shine has gone from this share price but it was shiny for a long time.

[uppompeii] 03/7/2017 17:51

Bracke, this continues to disappoint.

[bracke] 03/7/2017 16:51

US Construction Spending

[1leigh] 29/6/2017 21:52

It's tracking them down that's the problem Glenn. I'm hardly ever on here now too, I'll set up a reminder to check back more often though!

[fenners66] 29/6/2017 15:21

URI still rising today and I heard that Caterpillar were one of the big risers yesterday, but have not found out why.

[discodave4] 29/6/2017 13:14

Good day bracke.Nice to know your still onboard.Does seem to have lost its mojo a bit.All the best.DD

[bracke] 29/6/2017 12:51

Good day Disco

Yes still holding my shares. Fortunately I bought them near the bottom of that long candle so still ahead but watching closely. I have no other trading positions.

[discodave4] 28/6/2017 20:24

ps bracke if you want to see long wicks take a look at BUR (3rd May) and BOO (17th May).

[discodave4] 28/6/2017 20:13

Thanks bracke.Hope ok to ask, you still long?.URI has been a bit perky over the last few days or so, despite poo tanking.......unlike AHT which has been pooh! (only joking chaps).DD

[bracke] 28/6/2017 16:58

Gap filled. 1550 supports.....again. 1550 is becoming a strong support zone but bear in mind if the share price drops below it the chances are that it will be an equally strong resistance zone.

[ianwwwhite] 28/6/2017 13:57

Thanks as always bracke for your views.
.

[bracke] 28/6/2017 13:35

Good day ian

Yes I am referring to the mid May very long candle. If you look to the left of it there was a similar candle in mid April although not quite so long.

My concern is that long wicks are often revisited.

It's worth noting that the share price has broken down out of the rising channel.

[ianwwwhite] 28/6/2017 12:28

Good afternoon bracke,

I had assumed that the 1475 dip was probably a temporary aberration or fat finger incident, if we are both looking at the same position in Mid-May?

Happy to be corrected if you know better!

[bracke] 28/6/2017 10:25

And a gap this morning, anyone fancy a quick fill, no I thought not.

It's having another nibble at the Daily SMA 200. A close below it would be ominous. Every time I look at the chart my eyes are drawn to the long leg down to 1475 and the
probability of a retest. I don't like it.

[ianwwwhite] 28/6/2017 08:43

Meanwhile, over on the UKOG thread, it looks a bit like a sharks feeding frenzy.

Thanks timw3, most entertaining!
.

[ianwwwhite] 28/6/2017 08:40

Looks like 1550ish has provided support in the recent past, but the markets as a whole seem to be suffering from depression.

Surprisingly quiet here in the circumstances!

[arab3] 24/6/2017 09:58

politically stable LMFAO !!!!!!!!!!!!!!!!!!!!!!!!

[timw3] 23/6/2017 14:18

o/t UKOG massive OIL hit!!!!

More news next week by the looks of it. Weekend press will be all over this,

Politcally stable, funded, oil seeping out, Whats not to like.

Can see 3-4p easy next week imo