Ashtead Share Discussion Threads

[bracke] 30/10/2023 17:13

The gap at 4777 filled today with a high of 4782 but the share price having done so decided that was sufficient and has dropped back under 4721.

Given that Mr Powell & Co are expected to hold the rate the market is unlikely to react very much if/when a pause is announced. I suppose if he was to provide 'warm' words about no further increases or even early reduction the market would be very pleased.......yes I know but one can fantasise!

[disc0dave46] 30/10/2023 14:35

Good day Mr bTRUMP lolBullish FTSE market today but not for AHT. Believe there's a Q3 update from Caterpillar tomorrow, may help to fill your gap (4777) or on the other hand! :(

[bracke] 30/10/2023 13:29

Good day disc0

I think it ironic that Mr Powell is attempting to 'rein in' the economy and Mr Biden wants to spend money at an ever increasing rate!

All will be right with the world when Mr Trump breaks free from the shackles that lesser mortals have placed on him and he leads us all to Nirvana. ALL HAIL TRUMP!

[disc0dave46] 30/10/2023 12:48

Looks like Mr P and his cronies are odds on going to hold rates this week......at some point IMO he'll realise mission accomplished in trashing the global economy and try back peddling in panic...oops too late!.Not looking too strong here today for some reason!.

[disc0dave46] 26/10/2023 11:34

Doesn't seem to tally with CEO comments or that they reaffirmed forecasts for the year.CEO Flannery continued, "Our full-year guidance speaks to the continued strength of our markets. Looking beyond 2023, we believe that our strategy positions us well to support our customers as they execute on the tailwinds we see across infrastructure, industrial manufacturing, and energy and power. Combined, these support our goals for profitable growth, strong cash flow, and attractive returns for our shareholders."

[casket1] 26/10/2023 09:20

If it breaks £50 we could see £55 easily

[trt] 26/10/2023 09:06

If it breaks £45 could see £40 easily.

[liam1om] 26/10/2023 08:14

Fell on "margin disappointment, with conditions deteriorating into the year end".

[disc0dave46] 26/10/2023 00:20

Thanks for that.Looks like it wasn't received very well with it falling 4.3% after hours - can't see why, strange times.

[disc0dave46] 25/10/2023 14:29

Good day Mr bYep looking a bit better today and hopefully will close above 4721 (I'd even smile at 47).Thanks as ever for the pretty chart.

[bracke] 25/10/2023 13:01

Good day disco

The share price is looking a little better this morning having bounced off the 50% fib at 4630 and moved above the October low of 4721.

The next target is to fill the gap at 4777 and hope that having done so it holds or better still moves up. The danger is having filled the gap it may decide it's done enough and drop back.

AHT DAILY

[disc0dave46] 24/10/2023 20:47

Thanks Mr b

[bracke] 23/10/2023 11:41

Good day uppompeii

Nice to read from you again.

Yes it is looking tempting but the runes are not yet in the ascendancy.

Purely on the technicals the share price continues to make lower lows and lower highs plus the lows continue to break through possible support points.

You will note this morning it has broken below the October low at 4721. If it holds below this level it brings into play the 50% FIB at 4630 but also the 2023 low at 4385.

We all have our risk levels. Mine remains in place. I want to see some form of basing. On the non technical front the middle east situation is a big fly in the ointment.

[uppompeii] 23/10/2023 10:45

Good day bracke.This is looking tempting again..

[bracke] 22/10/2023 16:15

Good day disco

I hope all is well with you and yours.

Colourful but not pretty if you are a shareholder.

Viewing the chart at close on Friday:

1 A new opening gap at 4777.

2 Just about holding on to the October low at 4721

3 The FIB at 4636 still beckons.

Not shown on this chart but see on the 3 month chart above is highish volume on three of the five days last week.

IF the share price fails to hold at 4721 and 4636 the next level to watch is the April low at 4386. This level is also the 2023 low.

This coming week some of the USA major companies provide earnings reports. Maybe they will provide a lighter mood away from the middle east etc.

I suspect there are a number of investors watching and waiting for an indication that the low or close to has been reached in anticipation of a purchase and profits of a large proportion.

AHT DAILY

[disc0dave46] 22/10/2023 11:55

Post 62167Same here.....particularly love the pretty charts :)

[bracke] 19/10/2023 18:30

Thank you jim

My pleasure.

[jimohno] 19/10/2023 17:18

Thank you bracke always appreciate your considered analysis

[bracke] 18/10/2023 19:21

Following on from post 62162 the share price did manage to break above 5038 but was unable to close up. Thereafter it has continued to fall away.

We now have to consider how far it will fall and what may arrest the drop. Very similar to the previous upside target there is now a similar downside target, no not 4500, yet. The new target is the October low at 4721. The same scenario as previously i.e. a close below 4721 would be concerning and a likely visit to the FIB (black horizontal line) at 4636.

AHT DAILY

[trt] 18/10/2023 16:00

Could easily see £45 from this level and if that doesn't hold then £40.

[bracke] 10/10/2023 12:44

A strong move up today which filled the gap at 4926. It now has to break and hold above the July low at 5038.

AHT DAILY

[2flatpack] 03/10/2023 14:55

Afternoon bracke
I'll check down the back of the couch just in case.
Cheers