Ashtead Share Discussion Threads

[bracke] 20/3/2024 16:37

"Think that’s a dead cert :)"
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You wouldn't expect me to stick my neck out too far would you!


My understanding is that UK and others are reluctant to cut interest rates until the US do. Why? Because the £ (and other currencies) would fall resulting in increased cost of imported goods, resulting in increased inflation.

"Mr Bailey simply follows anyway……even though IMO he raised too high and is too slow cutting. He threw petrol on the fire IMO."
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I neither agree or disagree. I look to the amount of money the government pumped into the economy, perhaps they over did it?

[disc0dave46] 20/3/2024 16:05

Good day Mr b"Purely my view but I suspect that the market will 'be upset' if the dot plot is reduced and delayed by a significant amount."Think that's a dead cert :)What's clear, even though not surprising, is positive UK inflation data means diddly squatt as most folks aren't interested in UK equities (haven't been since circa 2016), it's all about the US and Mr Bailey simply follows anyway......even though IMO he raised too high and is too slow cutting. He threw petrol on the fire IMO.

[luderitz] 20/3/2024 15:17

Keep on climbing Ashtead please.

[bracke] 20/3/2024 15:15

Good day disco

Apologies for the blurred link. Yes it was the Fitch news.

The general expectation is no US interest rate reduction today. The interest is the 'dot plot' i.e. how many and when. Purely my view but I suspect that the market will 'be upset' if the dot plot is reduced and delayed by a significant amount.

[disc0dave46] 20/3/2024 14:54

Good afternoon Mr bThanks as ever for your views.Was your earlier link post 62669 also reporting the Fitch news?, apologies if it was but did open it and couldn't actually see what the news was (blurred out).

[disc0dave46] 20/3/2024 14:45

Fitch affirms BBB rating - outlook stable. Their senior notes also given a BBB rating.Possible reason for today's action?.Https://uk.marketscreener.com/quote/stock/ASHTEAD-GROUP-PLC-4001655/news/Fitch-Affirms-Ashtead-at-BBB-Outlook-Stable-46239694/

[bracke] 20/3/2024 13:25

Good day palwing

If the share price breaks above the 'Big Wedge' top line of the Rectangle Bottom becomes the target. Mr Powell to decide.

AHT WEEKLY

[bracke] 20/3/2024 13:15

A gap up today possible based on:



SP resisted at the top trend line of the 'Big Wedge' which coincides with the 78.6% FIB at 5504. Gaps to fill to the upside and the low side.

Mr Powell speaks later today. I ponder when he tosses the coin to decide if he will be dove or hawk.

AHT DAILY

[disc0dave46] 20/3/2024 12:31

Any reason out there for the share price action this morning?, can't see anything (UK CPI hasn't really moved the indices).

[palwing32] 20/3/2024 11:01

Thanks Bracke. After the recent share price improvement, I am no longer sure if a rectangular bottom is affecting the wedge or the wedge is creating a rectangular bottom. I may have to make an appointment with my GP to discuss. Either way, it all seems to be positive. GLA.

[bracke] 12/3/2024 15:17

"The US indices all dropped…..well for the first 30 minutes or so anyway!, lol."
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A bear trap for the uninitiated.

[disc0dave46] 12/3/2024 14:04

Good day Mr b"The CPI didn't make any difference"The US indices all dropped.....well for the first 30 minutes or so anyway!, lol.Have a good one.

[bracke] 12/3/2024 13:57

Good day disc0

The CPI didn't make any difference. The only thing the market is interested in is a rate cut.


Good day palwing

A wedge is a standalone pattern. The s/r has formed what Bulkowski names a Rectangle Bottom (no rude comments please). Currently the 'Big Wedge' remains in 'play' but when the wedge is broken to the top or bottom the Rectangle Bottom comes into control.

I appreciate that many will consider all this TA 'Mumbo Jumbo' is a load of 'tosh'. It's just a method of describing price action as a means of deciding when to invest/trade.

[palwing32] 12/3/2024 12:56

Can the high and low breakouts be considered for a redefined top and bottom of the big wedge, in effect elongating its time line?

[disc0dave46] 12/3/2024 12:53

Good afternoon Mr bGuess the US CPI will dictate once again.

[bracke] 12/3/2024 12:10

Viewing the weekly chart shows that the 'Big Wedge' has been broken to the downside and to the upside but was unable to maintain momentum in either direction. Why?

Support at 4400 and resistance at 5790 have been strong and held the share price in that range for a year. Watch for a break AND a close outside of the range.

AHT WEEKLY

[palwing32] 11/3/2024 12:04

Today's tongue twister...Big wedge bottom bounce bargain?

[disc0dave46] 08/3/2024 13:40

US Jobs 275k (forecast 200k) and Jan number reduced significantly, unemployment up to 3.9%.

[casket1] 08/3/2024 13:24

You're level of analysis is mind blowing, must have taken you all of 15 seconds (so nothing new there then)

[trt] 08/3/2024 13:10

As mentioned previously £45 looking likely now.

[bracke] 08/3/2024 12:13

The share price is certainly 'taking a pasting' currently and has broken through the 50% Fib.

The share price is heading to the 38.2% Fib which coincides with the lower trendline of the Big Wedge. In addition the RSI is nearing its baseline. Putting the two together suggests the 38.2% Fib at 4955 is possible support.

The fall since the results appears overdone. As far as I can ascertain there has been no increase in shorting since I last mentioned it.

AHT DAILY

[perfido] 07/3/2024 20:46

... Or trt you could just have another wildly unfathomable guess..?