Ashtead Share Discussion Threads

[bracke] 21/3/2023 11:40

Good day palwing

TRT's crystal ball is only configured for down moves.

I use first flush Darjeeling with the occasional cat entrails for my trading. Plus of course charts.

The chart shows there is a high probability of resistance at 5144. There is also the matter of this mornings gap up to be filled. On the plus side you will see the RSI is in the ascendency.

The tea leaves and entrails are in confusion (rather like the FED). I'm not privy to the means Mr Powell and his associates use to determine their actions but I suspect they are not much better than mine or even TRT's.

AHT DAILY

[palwing32] 21/3/2023 11:17

Looks like £50 has gone, could we see £55 very soon?Just asking before trt mentions it.

[riley109] 21/3/2023 09:35

Confidence returning to the market ?,tick back up for AHT and a nice little ABDN trade yesterday AM already well in profit.rest of today to go see what happens.

[bracke] 20/3/2023 18:25

disc0

The share price filled the 4866 gap.

Central Banks learn from actions? They have had plenty of practice but they continue to repeat the mistakes.

[disc0dave45] 20/3/2023 17:56

Mr b"I presume it will be which is the lesser of the two evils. Higher inflation or more bank problems and deeper recession."You could argue that all of the above have been down to the strategies (meddling!) implemented by central banks, past and current.....let's hope they learn from their actions, but doubt it.

[riley109] 20/3/2023 16:02

Confidence returning to the market ?,tick back up for AHT and a nice little ABDN trade this AM already in profit.half hour to go see what happens.

[bracke] 20/3/2023 13:38

disc0

"not raising or only +0.25%"
===========================

I agree but even if the FED adjust their target to 3% will it drop to that level without additional rate increases.

I presume it will be which is the lesser of the two evils. Higher inflation or more bank problems and deeper recession.

[disc0dave45] 20/3/2023 13:20

Mr bI'm thinking the opposite, doing the right thing - not raising or only +0.25% - will show the markets he is taking onboard the issues and he's not simply blinkered and pig headed. There's potentially much greater risks than inflation and achieving his wishful 2% target.I still contend that he increased too fast too high and inflation IMO was primarily due to supply issues (including energy) not demand issues, inflation will naturally fall. The significant impact energy costs had can be seen from the BoE reports and forecasts.

[bracke] 20/3/2023 12:48

disc0

Mr Powell has previously made one 'U' turn i.e. 'transitory' which didn't do much for his credibility. Now he has to consider another given his statements of commitment to achieving 2% inflation. If he pauses the rate increases when will he resume them or will he be able to resume them. Unless inflation drops of its own accord it seems the situation is set to run.

Whatever the decision it will be interesting to observer the market reaction.

[disc0dave45] 20/3/2023 11:38

Thanks for the chart Mr b.IMO Powell would be a fool to go for 0.5%, markets need some stabilisation. Guess 0.25% but wouldnt be surprised if he doesn't raise interest rates on Wednesday.One good thing, he now knows that going from zero to 4.75% so fast has major implications, you can't just flick a switch and expect no fuses to blow - experts pfft.

[disc0dave45] 20/3/2023 09:47

Good morning Mr bLooks like folks panicking again.....opportunity knocks!.For those struggling to sleep, the BoE Feb report makes interesting reading. They forecast 3% inflation Q1 2024. Https://www.bankofengland.co.uk/monetary-policy-report/2023/february-2023

[trt] 20/3/2023 08:24

Looks like £45 will go and we could see £40 very soon.

[bracke] 19/3/2023 11:58

Good day disco

I think it's fair to say the share price is teetering on the 50% Fib.

UBS in talks to takeover Credit Suisse.

Will the FED increase the rate by 0.25% or zero. I think 0.50% is a non starter.

Will any more banks raise the white flag?

Interesting times.

[palwing32] 17/3/2023 18:03

Are we in "trt" territory yet?

[disc0dave45] 17/3/2023 17:43

Good evening Mr bLooks like the 50 fib didn't quite hold it today......not far off though.Banks wobbling market again, always a wall of worry to contend with :)

[bracke] 16/3/2023 12:29

Good day disc0

The share price managed to put the brakes on just before reaching the 50% FIB. Provided there are no more nasty surprises the market may settle. You will note the RSI appears to be basing.

As for your 3% target the FED may not have much of a choice. Mr Powell will probably not state as much but dress it up in one way or another. It's either that or bring the whole system down.

AHT DAILY

[mjcferguson] 16/3/2023 09:08

Certainly glad that the third quarter figures were so good last week!

[bracke] 15/3/2023 18:20

Good day rescuer

Nice to read from you again.

All ok with me.

Given the problems the rate rises are giving banks I will be surprised if the FED go for 50 basis points. I do ponder if 25 basis points may not occur especially as todays US data came in negative (bad which is good) so maybe the FED will pause further rate increases for the time being.

I had some S&P shorts which I also closed. It's easy to apply hindsight but anything could happen e.g. the FED or Biden pumping money into the situation which I and I expect you have seen previously. I was pleased with what I made.

Credit Suisse certainly put the skids under the markets today but it should not have been a surprise. I read an article a few months ago about their situation they were not in a good place. The problem now is trust in banks has taken a big hit.

As the saying goes 'when the tide goes out you see who is swimming naked'.


AHT

I had to go out this afternoon and returned to see the share price made short work of breaking through the 38.2% Fib and continued down to fill the 5052 gap. Next support is the 50% Fib at 4876. If the 50% Fib fails to hold there is the possibility of support at approx 4720 before reaching the 61.8% Fib at 4608..........and there is another gap to fill at 4550.

AHT DAILY

[trt] 15/3/2023 18:16

When we get to the £45 level if that doesn't hold could see it drop to £40

[disc0dave45] 15/3/2023 15:13

rescuer"i read the FED were looking at a 50 basis points rise, that was last week"The operative words being "last week"!, I've read all sorts this week, 0.25%, zero and even pivot.....is it next week we'll know?.

[trt] 15/3/2023 13:12

£45 next level

[rescuer] 15/3/2023 12:51

Bracke, hope you are well.

re post 61856 - i read the FED were looking at a 50 basis points rise, that was last week.

looks like the down is opening down 600 today ..

closed my LLOY short to early - grrrr

[bracke] 15/3/2023 11:47

The share price is testing the 38.2% Fib again. There is a gap just under the Fib at 5052 which if filled may be sufficient to stop the drop. If not then it will be seen that the 50% Fib at 4876 is next support.

AHT DAILY