Ashtead Share Discussion Threads

[bracke] 11/4/2018 16:32

Ref Post 55110

The share price duly rose to 2027 where as expected it met resistance.

Hopefully the Daily SMA 200 at 2000 will support

EDIT

That should be: Hopefully the Daily SMA 100 at 2000 will support.

The Daily SMA 200 is at approx 1870.

[smcni1968] 10/4/2018 22:42

New York investors day this week

[ianwwwhite] 10/4/2018 12:43

Bracke,

I agree, good job we're not the worrying kind of folk, given the global situation.

I wouldn't be surprised if we get another 'market shock' for one reason or another. Do nothing, hide behind the sofa again, is still my preferred strategy :-)

[bracke] 10/4/2018 12:09

Good day ian

It appears that the 'China Tariff' situation has gone off the boil so the market is happy.......for the time being. Next up Syria reprisal and FBI raid on Trump's lawyer. Never a dull moment.

[ianwwwhite] 10/4/2018 11:57

Good morning bracke

Thanks for the chart and guidance, appreciated as always.

Nice to see AHT looking quite perky at present :-)

[bracke] 10/4/2018 11:09

The share price has broken through 1980 resistance but may want to drop back to test it.

Next target 2027. Then the green ML,

The rising red line is the Daily SMA 200.

AHT DAILY

[discodave4] 06/4/2018 19:05

Update?, nothing until finals in June as far as I know.DD

[bracke] 06/4/2018 16:34

ali

I didn't know there was an AHT update. It wouldn't have made any difference to me if I had.

The situation with the share price hasn't greatly changed. It is hovering at the ML (middle green) and a previous high (black horizontal line). If it's going to make an attempt to move to the highs it has to break above the ML and continue to move up beyond the previous minor swing high at 2026.

Viewing the 4 and 2 hour charts suggests that it maybe consolidating.

[ali47fish] 06/4/2018 08:27

sorry bracke for the typo - i meant update

[ali47fish] 05/4/2018 14:56

bracke any idea what all this means for the udate tomorrow?

[bracke] 04/4/2018 12:53

"Could this be a late cycle SHORT?"
==================================

It may be. Depends if you think that the US Bull Market has ended.

EDIT

The charts in the link below suggest it hasn't.

[lebiche] 04/4/2018 11:51

Could this be a late cycle SHORT? I remember the FD saying that AHT is a play on the business cycle. One wonders if that cycle has peaked.

[bracke] 04/4/2018 11:47

Unfortunately for holders the chart is not encouraging. The trend is down but so far support has held at 1880. If support fails then next line of defence is the Daily SMA 200 (shown as the rising black line).

Although I do not particularly use chart patterns it is difficult to avoid thinking 'head & shoulders' when viewing the chart.

'IF' the supports mentioned above fail then it's women children and bracke first with the shorts.


AHT DAILY

[lairddavid] 02/4/2018 22:04

URI down 3.5%. Could be a bumpy ride tomorrow.

[bracke] 27/3/2018 15:14

Good day Laird

Indeed. There was perhaps hope that it was going to be a breakaway gap.

[lairddavid] 27/3/2018 15:12

And of course there is another gap to fill!!

[bracke] 27/3/2018 12:51

So far, so good but............you will see where it was resisted, the green ML. It needs to break above the ML and continue above the black horizontal line.

AHT DAILY

[bracke] 26/3/2018 17:13

Still holding 1890.

Surely some of you have bought at these not to be repeated low prices!

[bracke] 23/3/2018 17:54

1890 held........to-day. So any buyers?

[bracke] 22/3/2018 16:29

The FED decision did not result in an share price rise so off to 1890.

I suggest all s/holders get down on their knees tonight and pray to whichever deity takes your fancy that 1890 holds.

[fenners66] 22/3/2018 10:04

Just heard on Bloomberg that US congress has submitted a $1.3Tn budget for the rest of this year - which includes funds for a Mexico wall - perhaps that was the reason for URI and H&E rise............

[fenners66] 21/3/2018 22:23

URI and H&E still rose today .....

I have been looking for a catalyst but their news tabs show nothing.

[bracke] 21/3/2018 11:30

"But of course we have been educated and now we know the share price is all about sentiment to building in the UK......."
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DOOMED WE'RE ALL DOOMED!!

I don't like the look of the chart from a holders perspective. Unless The FED decision to-day results in a rise I suspect the share price will revisit the 1890 support zone.