Ashtead Share Discussion Threads

[disc0dave45] 02/11/2022 17:50

Mr bGiven his nature he does like to see three black crows (food) or a hangman (blood) or a death cross (but depends, can be bad for him or good!)....other than that, pfft. :)

[bracke] 02/11/2022 17:34

disc0

It's a pity the chart can't be made into a collar for Dracula he would bite your hand off for it.

[disc0dave45] 02/11/2022 17:16

A profit is a profit, nice one.I do like the pretty charts on Tradingview! :)

[bracke] 02/11/2022 16:44

rescuer

Tradingview charts have a good range of indicators and some of the scripts are interesting.

Pleased you got out without loss. Your fib worked.

It closed back on resistance at 4716. We await Mr Powell and AHT share price reaction tomorrow.

[rescuer] 02/11/2022 16:29

closed for a few pips (inc spread).. all day for 4 points.. rock n roll..

will be using tradeview going forward, much better chart set up and much easier to read than advfn's..

[rescuer] 02/11/2022 15:58

registered - Bracke, amazing clarity on Tradeview.

thank you again.

[rescuer] 02/11/2022 15:40

thank you.. tradeview looks good..

think I'll register as advfn charts are too vague..

[bracke] 02/11/2022 15:30

rescuer

AHT share price has a habit of disappointing shorters as I know to my cost!

I use the free version of Tradingview. Also use MT4 charts with IG, they are also free.

[rescuer] 02/11/2022 15:23

Looked at your chart Bracke,, pretty much identical to mine, including the trend lines.

wasn;t sure on taking it to the full 12 months, as Ukraine had a bearing on things from mid January..

anyways on course to make my second Fib loss, from 24 trades.

the previous time was AHT.. ha ha.. think i best leave my darling of a company alone.

oh how life has changed for them since i worked for AHT in the 90's..

How much does you chart company charge for the month / year Bracke.. I still use advfn charts and they're not great, also use my IG charts, but again not easy to nav around..

[rescuer] 02/11/2022 15:18

thank you Bracke..

I'll have closed by the time Powell gives his update, regardless of in profit or not..

not a time to be holding overnight.. what with Powell and Bailey in 2 days..

[bracke] 02/11/2022 15:09

rescuer

I think you low of 3429 on 22nnd June is incorrect it should be 3290.

I have redrawn the fib to give 50% at 4787 so you were slightly early.

I suspect the fate of your short rests in the content of Mr Powell's statement.

Good luck.

AHT DAILY

[rescuer] 02/11/2022 14:48

just checked again Bracke.

my exact start date was 5th Jan not 22nd.. the high was 6182.. the low on 22nd June at 3429.

the 50% line is at 4787.. so i may have been a bit early..

[bracke] 02/11/2022 14:37

rescuer

On the chart below the red fibs are, I think, what you are using. Please say if not.

If I am correct I can't see what has prompted your short. Notwithstanding the RSI.

AHT DAILY

[rescuer] 02/11/2022 14:22

12 month Bracke.. (used the high on 22nd Jan as my starting point as the 50 period MA was on decline). (finish date was the low 22nd June).

RSI 14 is also approaching over bought

letting it ride another few points, in loss at present..

if no reversal, then it's a close from me..

[bracke] 02/11/2022 14:01

Good day rescuer

Which start and finish dates are you using for your fib analysis?

[bracke] 02/11/2022 13:58

disc0

Thanks for the link.

It does pose the question at what point would the rate increases affect the unaffected sectors. Time or rather rate increases will tell.

The market reaction to the Jobs Report is muted ....so far. I presume the main interest is on Mr Powell's statement later.

[rescuer] 02/11/2022 13:00

well thats me short at 4750.. only a day trade - lets see if i got this one right.

Fib levels are pretty clear on this one..

[disc0dave45] 02/11/2022 12:55

Mr b"US Jobs Report 239k !"The article below has an interesting comment which touches on sector specific impacts of the FED's hikes, as per our discussion:ADP Chief Economist said:"Goods producers, which are sensitive to interest rates, are pulling back, and job changers are commanding smaller pay gains. While we're seeing early signs of FED driven demand destruction, it's affecting only certain sectors of the labor market"Https://www.cnbc.com/amp/2022/11/02/adp-jobs-report-october-2022.html

[bracke] 02/11/2022 12:16

Good day disc0

"does it not have to consolidate above 4716 before tackling any further upside targets?"
================================================================================

It doesn't have to. Sometimes it will, sometimes not. Sometimes it will gap through, sometimes it will 'zoom' through (a large candle that takes it straight over), sometimes it will consolidate, sometimes it will retrace before trying again.

When Mr Powell speaks later today if he indicates a slowing or easing of rate increases that would probably provide a 'zoom' through.

Yes I agree market logic is sometimes opaque.

US Jobs Report 239k !

[disc0dave45] 02/11/2022 11:34

Good morning Mr b
Question (respectful): does it not have to consolidate above 4716 before tackling any further upside targets?

Market “logic” - not a word I associate with the former!

Have a good day

Ps guess todays US jobs report will determine the next move one way or another. Forecast is circa 193k (down from last month).

[bracke] 02/11/2022 11:15

Target at 4716 achieved and resistance met. Now comes the hard part...breaking above resistance. The two black horizontal lines to the upside are next targets.

[bracke] 01/11/2022 18:25

disc0

Yes as if the market thinks that if it's sector specific it will avoid the FED onslaught, which does not seem logical. As far as I am aware the interest rate increase will affect all.

All part of market games.

[disc0dave45] 01/11/2022 17:52

Mr bOh, got it.Seems like sector specific good news is still received positively.....possibly!....all very confusing.....Time for the hound to take over me thinks :)

[bracke] 01/11/2022 17:30

disc0

"(good in the old fashioned sense not the new good that is bad data)"
=======================================================================

Exactly. That's why the inverted commas.

One day good data will be good and bad data will be bad.......but not yet awhile.

[disc0dave45] 01/11/2022 17:06

Good day Mr bWhat "good" days are you referring to?The only bits if good data I've seen (good in the old fashioned sense not the new good that is bad data) from the US is that construction spending unexpectedly increased to 0.2% month on month in Sept (forecasts were for a 0.5% drop).Explains why URI, HEE and CAT have been bucking the falls on Wall Street and showing decent strength.