Bank Of Georgia Share Discussion Threads

[mr_bluesky] 04/4/2013 11:51

DRTY and WIN:

Have both had a bull bounce today after a big sell off period.

Watch!

Mr Bluesky

[mr_bluesky] 04/4/2013 10:57

just dug up this old chart!


Mr_BlueSky
11 Oct'12 - 20:06 edit


HFD chart 05/10/12:
This chart shows the descending resistence line which has been broken through and also the inverted head and shoulders(IH&S) which has also broken.Two very bullish signs.The share also double bottomed at 188p.When it broke out of the IH&S the MACD crossed over.Another sign that a rally was due.The MACD has crossed over again on this big gap up which also leap frogged over the 200dma and a number of resistences also.I would like to see it head up to cerca 346p over the next few weeks,but i suspect we will get a period of small retrace/sideways trading before hand.The gap up happened on good interims helped by the Olympics and the tour de france.I would expect HFD to keep capitalising on this as Xmas approaches

update 11/10/12

Well it seems that it has built on the gains from the big gap up/bull bounce.I still expect a little sideways trading until the advance on to 346p.Its all looking good!

Update 04/04/13:

The price did go onto my target of 346p and a bit more.It has since retraced to retest the top of the gap up and now looks to be in a small uptrend.It has come into contact with the 50dma and retreated so it remains to be seen if the 200dma at just under 300p will be hit.

Mr Bluesky

[mr_bluesky] 02/4/2013 15:48

mt:

Yes! why do you ask?

[mechanical trader] 02/4/2013 02:52

Bluey, do you ever make any money
at this lark??.

[mr_bluesky] 01/4/2013 23:22

RDW:

A break out over c200p and its c250p next stop.Price now 188p

[mr_bluesky] 01/4/2013 23:19

CWC:

looks very close to a good break out now at 42p!

Mr Bluesky

[mr_bluesky] 01/4/2013 11:04

Just reposting this chart and comments as it played out as suspected hitting my 349p target spot on...When it reached the target the price fell off very sharply..


NTG chart 19/11/12:

Just dug up this chart from November 2012 when the price was 257p
The chart shows the progression to 349p as a medium term target and when it breaches this the road to recovery is wide open.

Mr Bluesky

[mr_bluesky] 01/4/2013 10:54

CWK @ 986p looks to be in a potential extended high and tight bull flag formation!

Mr Bluesky

[mr_bluesky] 29/3/2013 18:59

LWB:

Has broken out of the bull flag now at 76p!

Next target c90p!

Mr Bluesky

[mr_bluesky] 28/3/2013 15:53

Thought for the day!

Does money buy you happiness?

NO! but I would rather be crying in my Bentley continental then on the bus ;)

Mr Bluesky

[mr_bluesky] 28/3/2013 11:09

LLOY Elliot wave ? 27/03/13:

[mr_bluesky] 26/3/2013 17:36

CSR at 486p is looking for a big break out and soon with the next stop at c600p.

Mr Bluesky

[mr_bluesky] 24/3/2013 16:08

LWB chart 22/03/13 showing a high & tight flag formation: Price 72p.

Just been going back through my posts and found a bullish comment I made on LWB.When I looked at the updated charts I found that it looks to be in a classic High and tight flag formation which has a very reliable bullish out come on break out.

It shows that LWB had a high volume rally from a base of c58p to rally a high of 74p (the high flag pole).It is now in consolidation below 74p (the tight flag).Also the flag formed on lower volume which is a good sign.

The entry point will be to wait for 74p to be broken through and this should also result in the MACD crossing over again (fast over slow).The RSI at 57 is also in a good place for a break out to happen.

I would suggest that,on break out,the next target would be c90p with a secondary target of c150p.

Lets see how it goes.

Mr Bluesky

P.S: The only thing that would ruin this uber bullish formation is a big market correction!

[mr_bluesky] 24/3/2013 14:26

FTSE 100 correction!

I was'nt going to post this chart just yet,but things are looking increasingly bearish so I thought I would.

Mr Bluesky

[mr_bluesky] 19/3/2013 18:46

KAZ daily chart.

Shows that KAZ is right on the descending resistence support line(red)and one more down day and it falls through the bottom and It looks like c 400p will be a reality.

The sell off has been on high volume so it does look like the drop through is going to be the likely result,but there is a small chance that it could bounce off it and head back up towards the descending resistence line in green on the chart.

RSI is well into over sold,but that can remain that way for quite some time on a strong sell off move so that is not really an indicator that this will turn up from here.

The MACD is trending down steeply with a wide zone so there is nothing to indicate a bullish out come there either.

Mr Bluesky

[mr_bluesky] 19/3/2013 11:09

KAZ compared with FTSE 100 over the last three months:

As you can see the FTSE has been up nearly 10% from three months ago and......well you can see where KAZ is.

The Trend is your friend and when a share has gone so drasticaly in the oposite direction to one of the biggest rallies to start a year for decades then stay well clear and do not try to catch a falling kinife....IMO

Mr Bluesky

[mr_bluesky] 19/3/2013 10:28

THT:

Bought at 45p

sold some today at 78.15p

Mr Bluesky

update:

and the rest at 82.90p

All done for now.

another case of not buying in at the bottom and not selling at the top and the money is banked ;)

[mr_bluesky] 18/3/2013 15:55

RTO;

Also had a break away gap up two trading days ago!

Looks to be consolidating under 100p!

Mr Bluesky

[mr_bluesky] 18/3/2013 15:53

HOME:

Had a nice break away gap up 3 trading days ago!

could well consolidate for a few days under 160p before a futher advance!

Mr Bluesky

[mr_bluesky] 17/3/2013 15:24

APR chart 15/03/13:

I have chosen to draw up this chart as I like the fact that it had a break away gap up over the descending resistence line dating back from march 2012.

The gap up happened as a result of a new contract win,the largest in its history.See RNS below........

APR Energy Announces New 250MW Contract in Libya.

APR Energy, a global leader in fast-track power, today announces that it has signed a new 250MW contract in Libya to provide a turnkey power solution. This represents the largest contract in APR Energy's history, and one of the largest single temporary power contracts ever to be signed. The initial term of the contract will run into mid-2014.

The power solution, which showcases APR Energy's highly mobile, dual-fuel turbines, will help cover anticipated power demand during the critical summer high-heat season, as well as provide interim power while the country continues to rebuild and improve its infrastructure.

This brings APR Energy's total new contract wins and contract renewals this year to 361MW. The current order book (backlog of business) stands at over 14,651 MW-months, up 26% from 31 Dec 2012.

John Campion, CEO said, "We are honoured to serve as a partner to Libya as it rebuilds and develops its new economy. This project is ground breaking for the country in terms of both scale and scope. The Libya contract, together with our two recent wins totalling 300MW in Uruguay, aligns with APR Energy's strategy to focus on large-scale power projects. For such projects, we strongly believe that mobile dual-fuel turbines are the best fit and the customer technology of choice."



Getting back to the chart I believe it is in a potential "Event flag pole" which is very bullish and made even more so by the big gap up on volume.It will be more evident if/when the flag forms.

With APR reporting its finals on thursday I would expect it to rally onto my price of c 1,040p shown on the chart as a first target which is the hight of the first flag pole projected.

...and I almost forgot to mention that J P Morgan,Goldman sachs and UBS have recently been increasing their holdings in APR which cant be a bad thing.

Mr Bluesky

[mr_bluesky] 15/3/2013 16:08

NPT has broken out of an event flag in the last couple of days on a tie up with ITV!

[mr_bluesky] 15/3/2013 10:40

LOOK OUT for FCCN as it has just broken through and important historic horizontal resistence at 30p........Next stop c40p!

Mr Bluesky

[mr_bluesky] 14/3/2013 15:56

OCDO:

Has broken out of the bullflag in style and is now 22% intraday up at 169p

Mr Bluesky