Ashtead Share Discussion Threads

[discodave4] 19/11/2018 21:06

U.S house builder confidence fell to lowest in two years:HTTPS://www.marketscreener.com/news/U-S-Home-Builder-Sentiment-Posted-Steep-Decline-in-November-Update--27633948/May have played a part in today's dip. Must search the sofa for some more spare cash!.

[hatfullofsky] 19/11/2018 19:50

Bracke, thanks for the technicals. I'm hoping the Q3 update (11/12) reverses the trend here.

[discodave4] 19/11/2018 18:45

The yank FANGs take a drop and a plant hire company joins in!....unbelievable IMO.ConfusedNow.Com!

[bracke] 19/11/2018 17:06

And there's 1800.

Now what?

Refer to the chart at post 56029.

The last major low is at 1770. It may want to test this level. An intraday drop below 1770 followed by a close above it with a long lower wick would be positive. A close below 1770 especially if the close is at the lower end of the candle is negative and may suggest a further drop perhaps to 1700.

I suggest all share holders pray for a Santa Rally. I could suggest you also pray for a 'No Deal Brexit' which would send the £/$ down but apart from being unpatriotic the lower £/$ of late has not assisted the share price

[hatfullofsky] 19/11/2018 15:32

Some sell off !

[bracke] 16/11/2018 15:39

Good day all

2flat

So you were trend fitting your PF, very naughty. As to the list, which will arrive first.


Disco

I still hold maters shares for her so technically long but non technically flat with a lean to negative. How's that for Elite Guru side stepping.

uppompeii

I do keep an eye on Aviva but it has not stirred me until recently. You will see in the chart that it has dropped to the red LP and also a previous support level BUT it has formed a pretty much perfect inverse head & shoulders and although it maybe dandruff free there is the probability of further fall. So for the time being I am just watching.

AV. DAILY

[discodave4] 16/11/2018 11:14

Constantly walked down.......not the AHT of old.

[2flatpack] 16/11/2018 08:51

morning bracke
I had used the dates you suggested previously (quite successfully).
The dates I suggested were a little tongue in cheek.
It was the only chart I could see that was not depressing, except for a long term trend line from 2015/16 .
I would add to the short term list, the following positives, RESULTS, HARD BREXIT and the diversification into non-cyclical markets .
Cheers

[discodave4] 15/11/2018 22:32

Thanks SMCN

[smcni1968] 15/11/2018 21:58

Just looking at the numbers (eg forecast P/E ratio ) and not taking a judgement on whether the forecasts are too high/low, management quality etc

[discodave4] 15/11/2018 21:08

"Among the companies that Credit Suisse said looked "inexpensive" relative to their global peers, were: Whitbread, Thomas Cook, Diageo, BAT, RDS, Rio Tinto and Prudential, all of which the investment bank had at 'outperform', while a quantitative screen would add the likes of Imperial, BP, easyJet, Ashtead, Lloyds, Schroders, BP and Informa."HTTPS://uk.webfg.com/news/broker-recommendations/uk-equities-credit-suisse--3597684.htmlApologies if link doesn't work, never know when using the app.DDPS What do they mean by "quantitative"?

[discodave4] 15/11/2018 21:06

He has a slide rule!.....naturally compliments the tea leaves.

[uppompeii] 15/11/2018 20:23

He'll be casting his slide rule over his old favourite Aviva, if not with his money, certainly maters.

[discodave4] 15/11/2018 18:59

Hi bracke,Thanks as usual.Question: You still long?Another Question: Can you sell please = share price goes up! :)

[bracke] 15/11/2018 17:54

2flat

Although news or events can affect the share price the 'coal face', for me, is the chart.

If you are using the Pitchfork system devised by Alan H. Andrews the pivot points you have used are incorrect. If you are using a system of your own devising so be it.

Andrews would have used 23 March, 24 April, 25 April. You could us a variant eg. Schiff or Modified Schiff. If you drew the PF based on these dates it would be a legitimate PF which was confirmed when it broke above the previous high (pivot 2) and kept going.

As for my chart look at the horizontal lines and where they commence, they are support/resistance.

[2flatpack] 15/11/2018 15:43

Afternoon bracke
I think you missed only the kitchen sink in your summary.
All these are not new .
They are known unknowns .
I assumed you had found an new, or unknown unknown.
Unfortunately my lack of education mean I see very little in your chart.
I had used 21 March ,28 Sept. and 26 Oct.to form my own pitch fork which look a lot more bullish.
As ever I live in hope.
Thanks and Cheers

[bracke] 15/11/2018 14:33

Good day 2flat

Notwithstanding Brexit, possible change of PM, possible general election and not forgetting Mr Trump, as if one could; the siren calls appear to be growing in number with forecasts of negativity for 2020.

Apart from what I posted in 56027 there is not much more to say other than to post a chart about which each can draw their own conclusion. I should mention the usual Santa Rally

AHT DAILY

[2flatpack] 15/11/2018 13:20

bracke
Do I detect a change of mood or is it just the bear resuming it's normal dominance.
I can see only political risks in the short term.
What have you seen in the tea leaves?
Cheers

[bracke] 15/11/2018 10:02

Although the £/$ is falling it is not having the usual positive affect on the share price ....why? The thought is that we are late in the bull market and the cycle is approaching a turn. We know that AHT is a cyclical share so it is logical that there is no great demand.

It will do well to hold on to 1900 but I suspect there maybe more 'pain' to come.

[bracke] 14/11/2018 13:30

Good day Disco

"Think it’s already at a drop down price!."
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There's always room for more.

[discodave4] 14/11/2018 13:02

Hi bracke, hope all is well.Think it's already at a drop down price!.

[bracke] 14/11/2018 11:28

There appears to be a piece of elastic attached to the share price and 1900.

Each time it rises sellers push it back and buyers step in at 1900. A drop to test 1800 would provide a buying opportunity at a knock down price.

[bracke] 11/11/2018 14:18

"I hope those we know did not get fooled again...."
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I get the impression that some are drawn to the same type of share like moths to a candle. On the basis that one day they will reach the end of the rainbow and find the crock of gold. Unfortunately more often that not the crock is filled with a different substance.