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A1N - ARN Media

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And Futures expiry too - all the ASX 200 constituents had pretty heavy vol opens
 
Good volume again this morning and nearly went through 60c , failing at 0.595. I will enter if it closes above 60c.

gg
 


As you can see there was good volume on Friday and a big spread and rise in price closing at the high. It may still fail to advance. I will continue to observe price and volume action. There are a number of interesting chart patterns for those new to charting. A break out of a consolidation range, a possible break up from a descending triangle, a possible higher high in a rising pattern, and the rsi is interesting. If it performs as I hope, it will be one for the experts to show in charting classes.

gg
 

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Well done GG.
Your initial plan was to wait for the pullback that retests the BO level at 0.55. CHECK.
Your next plan was to wait for a close above 0.60. CHECK.

"Damn the torpedoes, full speed ahead" and another battle with the market is won before it's fought.
 

Thanks peter2. At the time I posted I was unhappy with the overall market direction and did not enter APN until early May at 61.5.

Thankfully it is on the up, closing today at 0.65 and I am now entitled to either exercise some rights 1 for every 3 shares held which are now about 0.16 or buy 1 for 3 of my original stake at 0.53.

I did it all on charting principles which was my original intent in posting. It really is a time to look at companies holding lows at large volumes, as the institutions are loading up.

A chart of APN. Note the rising RSI from early April. It is my favourite indicator.



gg
 
i sold out on friday as i have no desire or funds for anything further APN...been an all round disappointment for me.
 
I currently prefer Southern Cross or Seven West out of the Media sector.
 
So_Cynical said:
i sold out on friday as i have no desire or funds for anything further APN...been an all round disappointment for me.
Click to expand...

I can understand that SC. A good friend has been a long term holder and expresses the same views. Some would say on fundamental reasoning it is risky. Chartwise it looks ideal.

systematic said:
I currently prefer Southern Cross or Seven West out of the Media sector.
Click to expand...

Thanks systematic. APN is no longer a "pure" media stock. It is quite diversified, signage, radio, marketing amongst other endeavours including as you say media. From the Australian May 14th.


gg
 
Sorry to go on about APN, it helps me clarify my trading thoughts.

It looks quite Elliot Wave atm on the chart.



I'm unsure whether the move from 0.45 to 0.70 is the end of a greater wave 1 with an imminent retracement to 0.55.as a wave 2.

Or, whether we will enter a 1-2-3 retracing to 0.60.

All very exciting and a good stock to trade for bulls atm imo.

I doubt it will go beyond 0.70 without a retracement first.

gg
 
All in all following on from my post above, a retracement to 61c is the more likely now.

A good time to top up at that price.

Then again it may defy a 1-2-3 and keep on heading north.

gg
 
A viewer had interest in APN on another thread for a first share purchase. The prices of prominence in regard to volume at price (VAP) are recent top of $4.00, present level $3.37 - $3.40 and Aug, 2015 to Feb. 2016 accumulation area of $2.78. Me personally to "trade" would look for an entry around $3.38 (most recent support) with a stop loss at $3.22 (a place to hopefully avoid a dumbo dump before trending higher but not too far away from broken support).
 
On May 9th, 2017, APN News & Media Limited (APN) changed its name and ASX code to HT&E Limited (HT1).
 
System said:
On May 9th, 2017, APN News & Media Limited (APN) changed its name and ASX code to HT&E Limited (HT1).
Click to expand...
Hello folks
Since APN became HT1 would the previous posters please throw some light on this share?
Director James bought a small parcel last week. PPT increased its stake to 14% (they must have put money to get some out of it I think). Alan Gray holds more than 16%.
75% increased revenue, 27% NPAT and dividend 3% (very low of course) from none in 2016 and EPS increased 13%. ARN performance is down. Adshell looks like keeping the boat floating.
What are your thoughts?
Disclosure: rightly or wrongly, bought a small parcel on Friday. But as always when I buy market falls and rises again when I sell.
 
After bouncing off $1.50 in mid-February, HT&E Limited has recovered well and has gapped up this morning through the $2 mark.

Yesterday the company reported that oOh!media Limited made a non-binding indicative offer for HT1's out of home division, Adshel. The company declined to engage with OML in relation to the offer after determining that it did not adequately reflect the value of Adshel to HT&E shareholders.

They also reported that H1 revenue growth is tracking ahead of last year by 5-6%.

 
Greg et.al
Is there any surprise with HT1 today with the 26% slump with no abrupt change of volume or market news ?
It was running very well .
Is the sale of Oh Media causing the after effect ?
 
Knobby22 said:
No announcement. Hurting me.
Something has happened.
Click to expand...
Hi Knobby22
Please do not get hurt. I have backtracked on previous announcements and found the reason (?).
Market has discounted 72 cents which included ordinary and special dividend and brought down the price.
Having said the discount was more than arithmetical difference giving opportunity to top up.
Yes, I hold it and frankly one of the darlings of my portfolio with 6% holding with 60% plus of purchase price until yesterday and would be changed today (my success was AGO and GID - all down by 90% from the price I bought).
 
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