Ashtead Group plc: AHT makes a renewed bullish effort
By
Azeez Mustapha
PUBLISHED:
31 Dec 2021 @ 01:36
|
Comments (0)
|
More info about Azeez Mustapha
Ashtead Group plc shares (LSE:AHT) have made a renewed bullish effort, after the recent pullback in the market. The overall bias is bullish, although that is fraught with bearish corrections along the way.
4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown in the top left part of the chart. The EMAs are generally sloping upwards, though price is currently below the EMAs. It is expected that price will go above the EMAs soon, as the bullish momentum returns.
Once the price goes above the EMAs, things would remain really bullish and bright. That is the bias on ATH for the next months. Thus the supply zones around 6,250.00, 6,500.00 and 6,700.00.
Teach Yourself Technical Analysis: Teach Yourself Technical Analysis
CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).
This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.