Australian (ASX) Stock Market Forum

LLC - LendLease Group

Jump to new
sptrawler said:
From your chart GG, there appears to be quite a bit of money to be made, just trading the troughs and peaks.
Click to expand...

I must admit some weeks before I went into cash I bought LLC. as I was so impressed by the channel on a TA basis.

So I fibbed about going to cash completely. Mea culpa.

Trading troughs and peaks can be profitable, but you need to be constant and ruthless with your stops, buying and selling.

gg
 
Last edited:
Garpal Gumnut said:
Trading troughs and peaks can be profitable, but you need to be constant and ruthless with your stops, buying and selling.

gg
Click to expand...
I know what you mean, every time I try it when I sell out, the share breaks out to a new high.:D
That's why I'm trying to learn off, Skate, Tech/A, Boggo, peter2 etc.
 
sptrawler said:
I know what you mean, every time I try it when I sell out, the share breaks out to a new high.:D
That's why I'm trying to learn off, Skate, Tech/A, Boggo, peter2 etc.
Click to expand...

I've learnt so much from tech/a and others on ASF.

However you have to find your own comfort zone.

Sometimes I'm quite sure I'm onto something on a 6 mo. chart. then I look at the 3 year chart and see a trap.

Go back on those trades on which you lost. It can be painful. Ask yourself why you did it. Ask if there was any other reason to hold or buy. Sometimes you can be just unlucky.
Other times you made a mistake. Be humble.

The guns like tech/a would make no sense of my choice of stocks nor me of theirs. I go for ASX 50/100/ only, usually.

Stick to what you know and analyse yourself and your trades, your wins and losses.

Trade well mate.

re. LLC on a gut basis it's either going to recover or get taken over, so the joker who places $100,000 on it tomorrow and forgets about it will get a letter down the track with divis or a takeover offer or a screed from the MD on how they got to $40 again.

gg
 
OK Comrades. A rather long post on LLC with many charts.

The brokers are in to LLC. As a long term bullish opportunity or to dump the shares they bought at $20+ dollars. Who knows.

LLC closed at $15.99 today.

The first chart I'd like you to review is a fairly simple one, a daily with a 200sma , that is a simple moving average of the stocks price over the last 200 days.

It has moved up and well above it's lowest on this metric. Many brokers trade on this and charge you $40 to $1000 for the privilege. when it pops above buy, when it pops below sell.

chartdownload(9).png
Note the volume. It was much lower than this at midday so the brokers have obviously been discussing LLC over their soy latte's during a vegan lunch. However the trading range is quite small.

The next chart is a look at how LLC has been exhibiting higher lows and higher highs since it's fall from grace in December 2018. A mere 9 months ago. This is usually a good sign.

chartdownload(7).png


However the last run up has been quite acute. Is it about to be taken over, or have the vegans convinced their carnivore clients to get on board?

The next chart is a look back over the last 5 years showing that $16-$18 is a significant support resistance area for LLC. Will it break up or retreat?



chartdownload.png


Nothing is certain in picking long term trades such as LLC. It is just as difficult as trading tiddlers, options or futures.

The next chart shows the need to fill the gap from the debacle last November.
chartdownload(2).png

It would seem this is achievable.

So we have a large cap stock that was worth $11.20 in Dec. 2018 which is now worth $15.99, a profit of 42%

gg

I believe I've stuffed up some of the uploads but you get my drift re LLC

gg
 

Attachments

  • chartdownload(8).png
    chartdownload(8).png
    323.7 KB · Views: 13
  • chartdownload(5).png
    chartdownload(5).png
    359.2 KB · Views: 15
  • chartdownload(6).png
    chartdownload(6).png
    317.8 KB · Views: 16
  • chartdownload(3).png
    chartdownload(3).png
    355 KB · Views: 16
LLC re ASF 2019-08-21.png


Just by way of a follow-up to the post by GG I have attached another daily chart of LLC covering a longer time-frame.
GG has referenced the unfilled gap between $17.28 (8/11/2018) & todays High & Close of $15.99 however within the upper & lower boundaries of that gap there is also an older daily gap sitting just above the current price $16.06 to $16.51 which may stall the upward momentum.
I also think that the $17 mark has the ability to provide resistance on an upward move and support on a downward move.
The opening gap on both Monday & Tuesday of this week should form solid support going forward.
I do not hold.
 
Thanks rnr for your input with which I agree.

Today's volume was very impressive and it would appear that LLC's march to close the recent gap and clear $17 may be a possibility.

It closed at $16.75.

I would prefer if it retested the upper line of the busy lower channel, but there may be events afoot of which the market may be unaware, except for one of the directors or other officers' "nanny whip", heard, announced during a fitful sleep. I am certainly not insinuating any untoward abed or daylight shenanigans by said officers of this august company.

So if the new channel has begun $18 atm would seem a reasonable resistance being support in the recent past.

A chart.

gg

chartdownload(10).png
 
Please excuse the late posting of yesterday's action on LLC. Thursday is my Texas Holdem night and we experimented with the proposed limit on cash transactions and all played with $9,999.00. The evening was quite boring and defensive. I came out even stevens. As members of ASF would know the minimum one should enter Texas Holdem is with a bank of $14,885.00 to offset bad luck and a run of losses. This government is intent on spoiling everyone's fun. Now on to today's action on LLC.

LLC went ex-div today 30c and retraced a mere 8c. The divi is unfranked.

Lower volume was a feature.

It would appear to me that the last few days trading were instos desperate to shore up their income sheet with a divi.

There would now appear to be some semblance of order to the chart.

A retrace to the previous upper channel line and a fall into the primary channel or a continuance in the new, should give us some idea of what nanny whip is hearing from her feverish clients as they sleep.

A chart.

gg

chartdownload(11).png
 
LLC continues to bound up on a down day for the XAO.

It is back in comfortable territory for those with advanced cirrhosis of the liver in the many gentleman's and laydie's clubs in our capital cities.

This will be my last posting for a while on LLC. I'm up to my gills in it atm and profit taking from the initial purchases + divi.

Just beware that if the ole Double Donald Quarter Pounder with Fox Fries is demented or has a brain tumour it may drop by $10 on a 1-2-3 correction in a GFC.

It is a mere REIT atm and may suffer as a consequence.

A 10 year chart with the most pessimistic projection where I may buy in again.

$6.15.

gg

chartdownload(14).png
 
Garpal Gumnut said:
LLC continues to bound up on a down day for the XAO.

It is back in comfortable territory for those with advanced cirrhosis of the liver in the many gentleman's and laydie's clubs in our capital cities.

This will be my last posting for a while on LLC. I'm up to my gills in it atm and profit taking from the initial purchases + divi.

Just beware that if the ole Double Donald Quarter Pounder with Fox Fries is demented or has a brain tumour it may drop by $10 on a 1-2-3 correction in a GFC.

It is a mere REIT atm and may suffer as a consequence.

A 10 year chart with the most pessimistic projection where I may buy in again.

$6.15.

gg

View attachment 97077
Click to expand...

Since the above posting I am less negative but no more positive about LLC.

I believe the muppets who get paid for giving this advice in between a snort of cocaine in Martin Place, call it a Hold.

It has filled the gap on the chart and is now hugging below previous action.

If it falls from this level, as indicated by the chart below, I'd sell, and if it moves above I'd buy.

And when I win Powerball on Thursday I may very well buy LLC and privatise it.

A chart over the last year.

gg
chartdownload(4).png
 
Rather a nice jump today on LLC.

Unfortunately I was being unfaithful. All day and missed the action.

Confession on Saturday.

Buy tomorrow when it retraces a tad or shoots before the big move up imo.

If I hadn't been on a big move up today I may have eventually made more out of LLC.

I smell a t/o.

gg
 
I added yesterday and it would appear LLC is slowly rising.

Not much supply. Not much volume.

My gut feeling still tells me it's a takeover target.

I am as usual self interested and so declare, so don't blame me if there is a takeover and I make a motza.

Then again it could all go to $ra9.

gg
 
It's on.

The ASX should question why LLC has gone up 5% on a down day for the XAO. at 1.15pm

Perhaps somebody's granny was listening in to a phone call or two, and decided to sell a shack or two to buy some.

chartdownload(5).png

gg
 
I just popped in to see how LLC was going before the close and also because I like drawing lines.

It looks as if LLC is definitely in a new channel. Many sellers towards the end, so it only went up 4.47%.

Where will it all end, in joy or tears. The straws will be out this afternoon in the Martin Place restrooms for some lucky brokers and insto movers.

gg

chartdownload(6).png
 
Well LLC went up 0.74% today when the XAO fell about 1.5%

I'm overexposed to LLC atm but there seems to be an endless supply of willing sellers enticed by some devilish buyers when one looks at the tape.

As I said above, I'm awaiting a t/o., above $18. Closer to $23-24+ to make it worthwhile for greedy people, unlike me who would sell only for the highest principal.

gg
 
My pick for the month.

Not normally my sort of company but there seems to be some interest in it at the moment and the price is quite low considering that for the type of work it does as I would expect profits to increase, so now having a good look to see whether I should buy in.

Also we may have a bad month, so hopefully this will hold up.
 
Knobby22 said:
My pick for the month.

Not normally my sort of company but there seems to be some interest in it at the moment and the price is quite low considering that for the type of work it does as I would expect profits to increase, so now having a good look to see whether I should buy in.

Also we may have a bad month, so hopefully this will hold up.
Click to expand...

A reasonable pick @Knobby22 . It may go but who knows. A takeover would propel it up but I cannot see the FIRB approving one as LLC is so vital to national infrastructure.

The instos are in to the share placement but if one looks at a five year weekly chart the volume is not fantastic and in dollar terms would look even less.

If it goes well for LLC Covid-19 wise it will bobble about between $12 and $14, if bad, it will fall back down.

$14 seems to be support and resistance over the last 5 years so I think I'll hold my powder re buying unless it shoots up through that on high volume.

It is dreadfully difficult to part with cash in a plague.

A chart.

gg

LLC postplacement.png
 
LLC an Australian Listed multinational RE and Construction company has been good to me over the years. I did get out of it prematurely last year at $16.83 and it marched on to $20+. I was kicking meself.

I usually channel trade it and was waiting for it to go above $20 before re-entering when Covid struck. It plummeted under $10 and has partially recovered in a channel but has not got my good self on board. The main reason being that I don't trust the coronavirus quite yet and I have been learning about short term trading on ASF. I am now tired of the game, not that it has not been profitable, quite profitable actually, but it takes so much time. I am by nature lazy and a long term trader.

Thus I like what I see with the LLC chart presently. It would appear LLC is heading under $10 again, probably in this channel or a steeper one and the RSI in the bottom section will follow. I will be following it closely.

So just a heads up for other long term investors on ASF.

Good hunting.

chartdownload-6.png
 
Top