Ashtead Share Discussion Threads

[disc0dave45] 01/4/2022 20:31

Thanks bracke, always like looking at your charts.Hopefully next week it will break above your gorgeous aquamarine trend line as a minimum!.Have a good weekend

[bracke] 01/4/2022 18:51

Knowing how you like my charts disc0 I thought I would add two lines. This is in keeping with the Guru Mantra 'One line good, many lines better'.

The additions are the original primary declining trendline shown as the long sloping line and the secondary declining trendline shown as the dashed sloping line What's the point you may ask. It's two extra lines; always good plus the primary is an extra obstacle over which the share price has to cross.

Looking at the secondary it will be seen it broke above but was unable to hold, dropped back under, tested the low before trying again and succeeding.

So where do all these lines get us. The trend remains down until it crosses above the shorter trend line (now shown in fetching aquamarine). A cross above the primary trend line would help to confirm a basing/rise.

Price action wise it's worth keeping watch for long pins/shadows/wicks on the lower timeframes e.g. 1 or 2 hour charts.

EDIT.....NOW WITH ADDED 'r' FOR THE DISCERNING

AHT DAILY

[disc0dave45] 01/4/2022 16:35

Mr bWho knows!, it is April fools.Still can't believe the share price action tbh, but on the bright side it's an opportunity as I can't personally see that this downtrend will continue (he says hopefully!).

[bracke] 01/4/2022 15:46

The start of the new financial year usually sees a rise in the markets as ISA money etc is invested. So if the share price is going to base/rise this is when it should do so.

I know it seems unlikely but are investors confusing US:AHT (Ashtead Hospitality) with UK:AHT.
Ashtead Hospitality is not doing well to say the least.

AHT HOSPITALITY DAILY

[disc0dave45] 01/4/2022 14:03

Always!Nearly 15% drop over the last 2 weeks, surprising, in a word yep :)

[bracke] 01/4/2022 12:55

Hope springs eternal.

[disc0dave45] 01/4/2022 11:43

Good day Mr b'AHT likes to surprise!'Sure does, but still 4 hours 45 minutes to not be surprised :)

[bracke] 01/4/2022 11:27

Good day disc0

"Would be surprised if it closed down again tomorrow! :)"
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AHT likes to surprise!

[perfido] 31/3/2022 19:29

Hi DD,

so where do you think it’s going?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Sorry, no idea, but I will need to see an end to this incessant sell off, before I commit further funds under my pound cost averaging plan.

I do wonder whether there is some price manipulation going on presently, so am content to sit on the sidelines till this passes.

[disc0dave45] 31/3/2022 19:11

Hi Perfido You called it spot on last time, so where do you think it's going?Yep, each to their own......but IMO all credible input is of interest.

[disc0dave45] 31/3/2022 19:09

Thanks bracke.Would be surprised if it closed down again tomorrow! :)

[perfido] 31/3/2022 19:05

Hi DD,

I would be more interested in fibs if it told us where we are going rather than where we have been. It seems to me it’s like steering a ship whilst looking over the stern rather than ahead..

If anyone uses fibs to predict AHTs price, I would be interested to hear.

To each his own, in the meantime I am keeping my powder dry..
.

[bracke] 31/3/2022 18:47

Good day disc0


Another high volume day but at least the share price managed to cling on to the 61.8% fib. Whether it will hold is another matter. There are gaps to fill but they are some way further down and I would be surprised if they are the target.

If the 61.8% fib fails to hold the 78.6% is at 4652 but a test of the low at 4400 would normally be considered a better s/r zone.

I much prefer horizontal and sloping trendlines TA as opposed to fibs but the share price did not provide many during its ascent to the all time high so we work with what we have.

On the charts (4 hour and Daily) below I have drawn a sloping black trend line. If the share price can break straight up through it excellent but more likely is that at some point it will move sideways through the line and then start moving up.

4 HOUR



DAILY

[disc0dave45] 31/3/2022 17:57

In fairness it has only closed 0.2% below the 61.8% fib and it isn't an exact science!.....appreciate the TA input here from bracke as well as other folks views.Today is the ninth consecutive down day and the complete opposite of what URI has done, perhaps II's shifting from one to the other!, who knows.Perfido - let us know when you are buying again :)

[perfido] 31/3/2022 17:38

Gone strangely quiet on the fib front.

If this is not to be relied upon for price forecasting has anybody had a look at see what Nostradamus had to say about AHT?

Let's face it, we are getting desperate now, still haven't found a solid bottom yet and I am still waiting for my next pound cost averaging price point:-)
.

[bracke] 30/3/2022 17:55

Good day disc0

High volume again and closes bang on the 61.8% fib.

URI is down slightly as I type.

[disc0dave45] 30/3/2022 16:43

Good day Mr b'Just a thought. Is the fall to do with end of financial year?'Who knows, strange but this is AHT so nothing surprises me anymore. It's lost 12.5% in the last 8 trading days and fallen every day.

[bracke] 30/3/2022 15:20

4892 Gap filled.

[bracke] 30/3/2022 12:31

Just a thought. Is the fall to do with end of financial year?

[bracke] 30/3/2022 12:09

Dropping to fill the gap at 4892.

High volume yesterday. Most of it selling.

URI closed up on the previous day.

The difference between AHT & URI is odd.

AHT DAILY

[disc0dave45] 29/3/2022 16:16

Good afternoon Mr bYeah, today will be the 7th consecutive trading day where it's closed down (pre-emptying that it will today as well), last time was last August I think. Strange but then this is AHT!.

[bracke] 29/3/2022 15:04

I was thinking about the more recent Fib Sequence 5552 to 4408 and the possibility of a 50% retrace to 4980.

Odd that the UK and US markets are rising well but AHT appears unwanted. URI doing better.

URI DAILY

[bracke] 29/3/2022 11:56

Good day disc0

Perhaps it's following the fibs?

[disc0dave45] 29/3/2022 11:24

Seems determined to go below 50?