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Is there anything in this? ALS

Chart Forum » Stocks - ASX: long term & fundamental » Is there anything in this? ALS

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peterloh
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Username: peterloh

Post Number: 3134
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Monday, July 20, 2009 - 03:58 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Bought some, before it went down. Now it is coming up again. Will the trend continue? I am still in the money though.I do not know about this one, which the chart shows ok.








-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

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hershy
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Monday, July 20, 2009 - 09:06 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Every picture tells a story, don't it ? sang Rod Stewart.
And my fist picture tells pretty much the same story as yours does. A new higher high, a correction and then chin-ups as ALS is trying hard to pull itself up. from just hanging there.



But step back a bit and a different picture emerges. Of course - and I now qualify this in most of my posts, everything depends on the overall state of the markets but if all goes well - I see the following.
The current pattern is a triangle which is a consolidation pattern. Usually, a breakout from such a pattern will continue in the direction it was going before it got trapped in the pattern and it is usually the same size as the move that brought it to this zone. So my target - and I too bough recently before the correction @ 3.61 - is just above $7.
But once it gets there, why sell ?
Where could ALS be in 2 - 3 years ? but first it must get above $4.20









I do it doji style !

http://members.optusnet.com.au/~hershy/

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mook
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Tuesday, July 21, 2009 - 05:21 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hi guys, I also got in last Friday after observing ALS price movement in the last couple of weeks.The underlying support of this share has been very strong. I do see some resistance at the $4.20 level, but I expect this initial target to be smashed through without much difficulty. I could be biased here, however this one will be really assist by a bullish market as it I see it, it has been way oversold.ALS is also in retail and from what I understand about their products, their products are very much in demand recently. I expect ALS to go on from here.


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hershy
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Tuesday, July 21, 2009 - 06:05 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



From the Yahoo Finance site:

Alesco Corporation Limited (ALS, formerly Atkins Carlyle Ltd) is a wholesale distribution company with leading positions in niche markets operating in the following business units: Kitchen & Laundry, Construction & Mining, Scientific & Medical and Water Products and Services.



BUSINESS SUMMARY

Alesco Corporation Limited (ALS, formerly Atkins Carlyle Ltd) is a wholesale distribution company with leading positions in niche markets operating in the following business units: Kitchen & Laundry, Construction & Mining, Scientific & Medical and Water Products and Services.

Building Products:
This division consists of Lincoln Sentry Group, Parbury and Robinhood. Lincoln Sentry Group is a suppliers and distributors of hardware and components to the cabinet and furniture making industry and the window, door and glazing industries. Parbury's portfolio of products includes leading brand laminates and engineered stone and doors. Robinhood's range include: canopyhoods, rangehoods, laundry tubs and ironing centres.

Construction & Mining:
This division consists of Marathon Tyres, a marketer of earthmoving equipment and heavy-duty truck tyres throughout Australia, and Parchem, who sells products such as concrete curing compounds, flooring finishes and joint sealants to the construction market in Australia. Other industrial brands in the division include Concrete Technologies and Conrete Plus.

Scientific & Medical:
Biolab provides scientific instruments and consumables to the industrial, environmental and medical markets. Other brands include: App-Tek, Davidson Measurement, Enviroequip, promedica and Sensor Technologies.

Water Products and Services:
Total Eden Watering Systems operates in the Irrigation and Reticulation Industry in WA. Services include: commercial contracting, mining and industrial contracting, agricultural sales and services, domestic contracting and retail specialist stores.


I do it doji style !

http://members.optusnet.com.au/~hershy/

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hershy
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Saturday, July 25, 2009 - 07:17 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



A move above $4.17 would be encouraging.





I do it doji style !

http://members.optusnet.com.au/~hershy/

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peterloh
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Saturday, July 25, 2009 - 10:44 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



I hope, ALS plays the game. Good call, hershy.


-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Sunday, July 26, 2009 - 04:23 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hi hershy, just love the volume build upon this one, which the weekly equi volume chart shows effectively.





-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

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hershy
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Sunday, July 26, 2009 - 05:23 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



At this stage of the chart Peter, you don't want to see much more volume that what has been going through so far. A wide bar will often signify a possible reversal - as the rectangular bar at around $1. It can be wide as long as it is long. Large volume and small range are not so good when the trend is up, good when the trend is down.
As in this chart:




The big money in stockmarket investment is not made in the thinking, itís made in the sitting.

http://members.optusnet.com.au/~hershy/

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peterloh
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Sunday, July 26, 2009 - 10:43 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



hershy, agree with you in general, brumby's top was a morning star, if expressed in candlestick form. It is different from ALS which has long body and short wicks, on the white candles.Hope for a higher finish for ALS, otherwise, we will still have a evening star in its short term trade.


-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Wednesday, July 29, 2009 - 02:12 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



If ALS can stay above $4.20 and consolidate for a few more days, this one looks good.
Just broken out of $4.20 and trying to stay above it.





-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Thursday, August 13, 2009 - 06:27 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



ALS is at $4.38 currently ex-dividends 7c fully franked.It has broken out of the $4.17 mark decisively and marching towards the $4.75 mark, its next resistance level.


-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Wednesday, September 09, 2009 - 06:11 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



This "unworthy" share is about to breakout again. It has gone up a dollar since hershy posted in January. Along the way, it also paid a fully franked dividend of 7c.I was told in another thread that its earning was abysmal and it was not a "quality" share. So stubborn me, with a bit of fundamental knowledge and lesser knowledge of technical, but armed with faith and knowing past records are not necessary guarantee for future profitability took the plunge. Of course I mustn't forget to mention hershy's chart does help in along the way.Thanks hershy.




-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Wednesday, September 09, 2009 - 06:46 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



hershy didn't posted this one in january, more like July.
My apologies.Please refer earlier post on this thread.


-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Tuesday, September 22, 2009 - 03:40 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



ALS today hits $5.20. Is it pushing towards $7.20 as hershy said?
It has broken out from the $5 critical level today.




-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Tuesday, October 13, 2009 - 05:48 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



ALS is trending up nicely, with a bit of volume in it, hershy.




-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

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hershy
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Sunday, January 10, 2010 - 06:12 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Long time between visits. Sold ALS some time ago and it fell off my radar but got back on a scan this morning.
Nothing goes up forever they and the same applies to moves in the other direction, the one we don't like too much - down.

ALS has done reasonably well at first hitting $5.91 back in October 09 but has since been heading south, constricted within a wedge. ALS has broken out of the wedge on my wedding anniversary and is heading in the right direction again at a slow and steady pace.
Moving averages have conjoined beneath the price action and are all hooking upwards. The wedge has taken the SP out of and below an upwards trending channel. It will be interesting to see if the SP will now move back into the channel or bounce off it. I see the test happening around the $5.40 level which happens to be the target a measured move points at - based on the size of the last swing that took the SP to the top of the wedge.



Ultimately, the previous highs dating back to July - October 08 are targets but I see much more topside potential in ALS. $11 by next year is not impossible at the current rate of climb.






If love is blind, why is lingerie so popular?

http://members.optusnet.com.au/~hershy/

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rdumas
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Sunday, January 10, 2010 - 04:10 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hi Hershy,

I just have a couple of qualms about ALS. Even when a stock doesn't abide by EW rules we can still recognise pattern types. As you know impulse waves go with the trend whereas corrective waves move against the trend.




Whenever I see a pattern like the one for ALS which has no obvious impulsive patterns it leads me to the conclusion that the pattern is likely to be corrective.

I have pointered one possible impulsive wave and the move down prior to that wave also looks like it may be impulsive. If so we are probably looking at a Zigzag. What I am alluding to is that there is a possibility that what we are seeing is a complex corrective pattern at this stage which has been in operation since mid May. This corrective pattern has been trending upwards so this could point to the fact that the main longer term trend may actually be down.

Note also that the Slow Stochastic is in overbought territory which would suggest that the next major move will be down.

The other way that we can look at it is to view the longer term chart below.



Here we see an impulsive looking move from early March to mid May. The pattern subsequent to this move may be a sort of consolidation pattern that isn't behaving in an EW type of corrective pattern because it is moving with the trend. If we treat it as a type of consolidation with an upward bias then we could perhaps convince ourselves that the next major move is up.

When I get a situation where I can see possibilities for major moves in both directions, I tend to look for a stock that is more obvious.


I've given you my view based on what I know now. In another 5 minutes that view might change because of additional information. It's the best I can do - Rudy

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msparks
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Saturday, January 29, 2011 - 06:20 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



signs of life








"I have my own unique system "
"I manage to lose money in bull and in bear markets "

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dennis_menace
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Saturday, August 27, 2011 - 03:27 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Signs of Death - 25% fall in price this week - it closed for the week at $1.785.

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