A thread created for the TA of charts on the LSE markets. (aim and plus included)
Beginners and advanced wellcome. Long or short, just post your views and lets
have some positive discussion. FIRE AWAY.
NB, UK indicies and sector charts plus FX can also to be included in posters analysis.
Having in the past studied a VERY wide variety of indicators, I ditched most and nowadays use very few; namely MAs (various), RSI (basic Wilder 20 Daily), support/resistance levels (horizontal only, never slopes), a small handful of candlepatterns for half-week trades, doubletops/bottoms. All used in conjunction with newsflow and a very limited set of financial data (debt, earnings growth, peg, and occasionally other bits). But my selections almost all arise initially from visual chart scans rather than data mining.
At present my short term portfolio is almost all downbets.
Its on my radar, at 240-235 I'd expect a bounce. Looking to buy long and play the range. current sp puts it on a p/e of 13. 2014 operating profit 169.7m, net company worth book 543.6. so at a p/e of 12 market cap comes in at 2597m currently 1824m off a declining operating profit but still makes me feel both technical's and fundamentals are on for this bounce.
Thanks shortie. Very useful. A bounce would not surprise me.
My bets are always put on in tranches, with individual stops, some very tight. Two of my several ASHM bets got stopped out in the past few minutes, banking a nice gain, others remain. I don't have any overall negative attitude to the company itself, merely playing it, and the narrow spread allows that.
i think THT has just reported ..... you know i never bought them because i always said the product was dreadful .... i recollect you mentioning that i was wrong and that they were flying off the shelves in M&S