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ASL_AUSDRILL LIMITED

Chart Forum » Stocks - ASX: short term (strictly TA) » ASL_AUSDRILL LIMITED

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tryhay
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Username: tryhay

Post Number: 1527
Registered: 09-2005

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Wednesday, May 25, 2016 - 07:55 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)



Introduction -
Ausdrill Limited (ASL) is a diversified mining services company with key operations in Australia and Africa. The offered services include drill and blast, grade control, water well drilling and equipment sales, hire and parts. In addition, Ausdrill provides load and haul and crusher feed services as well as specialist underground mining services in Africa. The Australian operations are primarily based in Western Australia and the African operations are primarily located in Ghana. The company has four (4) divisions: - Mining Services Australia, - Contract Mining Services Africa, - Supply & Logistics, & Manufacturing.

The major (weekly) trend is down (trend duration approx four (4) years), has recently been toying with resistance (see the zoomed in detail provided).

weekly

The most recent intermediate (daily) trend has been sideways consolidation (duration approx. twelve (12) months) - looks to be working on a double "W" bottom (not textbook but PA looks to be responding appropriately anyway)......

Daily

I won't bother with the 4 Hr chart as I guess you are getting the picture.....


Happy trading DYOR


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peterloh
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Saturday, May 28, 2016 - 12:11 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 call ASL a dealmaker, doing business and at the same time become a shareholder. A good way of promoting business. Another one for the day traders.







-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.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. All investments involve risks including possible loss of principal. 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 is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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tryhay
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Post Number: 1536
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Saturday, May 28, 2016 - 09:27 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)



Depending on what happens to the USD ( whether QE Yellan's "interest rate hike/s" are done ) commodities could pop lots more. The picture below shows the popular culture view of the US FED - will it be the same this time?

Nevertheless ASL is popping out on several time frames (tends to increase one's probabilities) so opportunities abound. Peter I am not a day trader, but I do prefer to take 1/2 off the table when ITM and let the other tranche/s swing (plays with their $$).

Daily chart suggests a bull flag/s break, & indicators seem to be following along. The reality in the market is to use appropriate risk management techniques (because bitter experience discloses that approx. 1/2 of one's trades have the habit of not going 'my' way).

Daily

Popular culture assessment of current events - they must get tired of the presidential cycles over there...

y


Happy trading DYOR


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peterloh
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Username: peterloh

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Saturday, May 28, 2016 - 09:20 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)



I am sure the strategy works for you, Tryhay. Sometimes when we over extend our selections and overtrade, the quality of our selections diminished. I used to trade without reservations, probably up to 15, today I would probably select a maximum of 8.Today I only have 5 currently and intend to increase to 8.I select fewer shares but with a bigger position, thus I need to know my selection well. Your percentage would probably be improved with a smaller selection. However it is best to be comfortable with what you are doing. STT has a high success rate the way he selects and the criteria for his exit.


-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.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. All investments involve risks including possible loss of principal. 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 is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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tryhay
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Username: tryhay

Post Number: 1542
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Monday, May 30, 2016 - 06:13 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)



Well even though the setup was not textbook ASL clearly responded well.

The recent "Company Ann: Ausdrill sells DTA Business-ASL.AX": Seems to be pushing price up: Exceptional news, net debt reduce to $260m plus this half year $60m free cash flow, which mean ASL net debt at 30/june/16 is expected to be at only $200m. With $120m available loan, nov/2019 note payments should be ok. 83c here we come.

Daily chart The bull flag/s break followed through - sometimes news takes a bit of time to be absorbed by the market! A bit more volume wouldn't hurt

Daily


Happy trading DYOR


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peterloh
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Monday, May 30, 2016 - 09:59 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)



ASL done well today, Tryhay


-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.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. All investments involve risks including possible loss of principal. 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 is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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tryhay
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Sunday, June 05, 2016 - 05:42 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)



Taken some profit on ASL - even though this looks like a strong swing.

ad


Happy trading DYOR


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tryhay
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Tuesday, June 07, 2016 - 06:25 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)



mamma mia, what a strong up-swing!

Weekly chart with daily detail shown - wonder if it will stop before $1.

weekly


Happy trading DYOR


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tryhay
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Wednesday, July 13, 2016 - 12:23 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)



Well ASL is not that far from $1. Is that a C&H forming....


Daily


Happy trading DYOR


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tryhay
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Well the C&H was unconventional, but appears to be playing out: bit of resistance around here (not shown on this chart) but may well get to say $1.25 (much stiffer resistance around $1.40)...

Daily chart: bit of poetic licence with the charting but looks to have plenty of herbs in the tank!



daily


Happy trading DYOR


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peterloh
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Friday, July 29, 2016 - 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)



Played out well for you, Tryhay. It does look like it is benefiting from the new lives of many exploration and gold mining companies.


-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.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. All investments involve risks including possible loss of principal. 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 is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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tryhay
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Thursday, August 25, 2016 - 11:20 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)



ASL just keeps giving!

Excellent media release with a turnaround in business direction.

Daily chart: Daily volume up quantum amount today...

daily


Happy trading DYOR


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peterloh
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Monday, August 29, 2016 - 08:47 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)



What an excellent selection, you need to throw away your FA glasses if you follow TA strictly. I have traded this one previously but did not see the writing on the wall this time round, thus the price I had to pay. Tryhay, you have done very well on this selection, a humble driller.


-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.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. All investments involve risks including possible loss of principal. 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 is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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tryhay
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Username: tryhay

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Monday, August 29, 2016 - 09:08 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 was keen on ASL in October last year: quote from elsewhere Dated: 11/10/15 ""Does it smell like victory XXXXXXXXX? Looks like ASL has been trying to base out around here. I expect it will pull back from ~50c and then expect it to blast off (provided the market stays the distance).....""

Daily chart: TA is fallible (like anything in this world), but it is worth cultivating as I believe it stacks the odds in one's direction & using stop loss caters for the atypical incident/s / events....


Daily

I'll be surprised if ASL doesn't retract from around here (having hit Fib & long term MA).







Happy trading DYOR


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tryhay
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Sunday, February 19, 2017 - 07:20 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)



ASL looks to be setting up a textbook swing higher: 38% fib retrace, MAs supporting price action well, MACD curl looks glorious & other indicators looking good - bit more volume wouldn't go astray (company announcement could well assist with that)....

Weekly chart: Weekly


Happy trading DYOR

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