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PRN - Perenti Limited

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Re: ASL - Ausdrill

Beau said:
How's this one going pixel? Did you buy in? Its below your trigger point currently...
Click to expand...

As it fell through support, the conditions changed and all bets are off.
Why should I buy when the base assumption (e.g. support at 80c) has been overturned?
Not even the matching bottom hypothesis is holding anymore.

ASL pm 29-11-13.gif

However, I reserve the right to change my mind if next week proves this to be a "false break".
 
Re: ASL - Ausdrill

pixel said:
I reserve the right to change my mind if next week proves this to be a "false break".
Click to expand...

... and that is precisely what has happened.

ASL n 04-12-13.gif

So I switched to the Intraday chart and decided it's worth buying after all.

ASL i10z 04-12-13.gif

Started yesterday to accumulate for a current cost base of just a tick below 78c.
(My Broker, PariTrade, facilitates Centrepoint bids and offers at no extra cost :xyxthumbs )
 
Re: ASL - Ausdrill

burglar said:
Hi pixel,
Congrats on your pick in last month's Stock Tipping Comp.
Click to expand...

Thanks, Mate :)
... and I made even more from trading the little beauty; have also been building a good-sized position to hold on to. Trailing Stop at Close Below 94c.

ASL n 02-01-14.gif

If it could now close the gap ... :p:
 
Re: ASL - Ausdrill

pixel said:
If it could now close the gap ... :p:
Click to expand...
It still hasn't closed the gap, although the last days of February ate into it a little.

ASL 28-03-14.gif

But now we're back at last year's Low with the possibility of the bounce in late 2013 being repeated.
It's definitely back on watch, although I'm mindful of false (or true) breaks.
 
Re: ASL - Ausdrill

I'm tempted, very tempted.

But wary it may all go to crap if it goes below .78, could plunge imo.

I made a nice capital gain last year on ASL. I will watch.

gg
 
Re: ASL - Ausdrill

Long-time Support held again and that put ASL back on my shopping list. (see April Tipping Comp :) )

View attachment 57622

On the daily chart, trades have pulled back to Fib 61.8% of the April range. I'm waiting for the break of Primary resistance, which would give me a technical target of $1.09, likely to advance even further into the open gap.

View attachment 57623
 
Re: ASL - Ausdrill

I am only just dusting off ASL for the first time in years.

Any views on value attractiveness following recent earnings downgrade and price drop?
 
Re: ASL - Ausdrill

I am considering jumping in to ASL.

Any thoughts or ideas?

A weekly chart with an RSI and volume.

gg

big.gif
 
Re: ASL - Ausdrill

anyone with any ideas why ASL is jumping up in price so much, about 30% in the last 5 trading days to 69.5 cents at close of trade today

noticed in their shareholder section that FMR LLC and the entities have increased their stake from 6% to near 10% up until the 16/5
 
Re: ASL - Ausdrill

agumby said:
anyone with any ideas why ASL is jumping up in price so much, about 30% in the last 5 trading days to 69.5 cents at close of trade today

noticed in their shareholder section that FMR LLC and the entities have increased their stake from 6% to near 10% up until the 16/5
Click to expand...

Not sure what is driving it but if you are looking at charts then a squizzy at the weekly showed signs of potential.

I can pop up a chart later if you don't have access to one as quite often the behaviour points to possibilities.
 
Re: ASL - Ausdrill

Boggo said:
Not sure what is driving it but if you are looking at charts then a squizzy at the weekly showed signs of potential.

I can pop up a chart later if you don't have access to one as quite often the behaviour points to possibilities.
Click to expand...

That would be great and much appreciated
 
Re: ASL - Ausdrill

agumby said:
That would be great and much appreciated
Click to expand...

Charting software just finds the basic pattern (squiggly stuff ;) ), rest is up you to eyeball.
In this case, weekly chart, double bottom, resistance at 40c becomes support and a break of the recent high.

The rest is up to the individual but if you are not in it or are waiting around for news, reports and numbers you will either get left behind or get misled as the chart is usually a heads up once you have developed the ability to see it.
(I hold at 42.5c)

(click to expand)
 

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Re: ASL - Ausdrill

Boggo said:
Charting software just finds the basic pattern (squiggly stuff ;) ), rest is up you to eyeball.
In this case, weekly chart, double bottom, resistance at 40c becomes support and a break of the recent high.

The rest is up to the individual but if you are not in it or are waiting around for news, reports and numbers you will either get left behind or get misled as the chart is usually a heads up once you have developed the ability to see it.
(I hold at 42.5c)
Click to expand...

Thanks Boggo, held some at 83.5c from early 2014 but picked up a reasonable chunk at 29.5c jul/aug last year.

Overall hold is 41.4c

Will watch where it goes with interest
 
Re: ASL - Ausdrill

agumby said:
Thanks Boggo, held some at 83.5c from early 2014 but picked up a reasonable chunk at 29.5c jul/aug last year.

Overall hold is 41.4c

Will watch where it goes with interest
Click to expand...

Nice work.

I intended topping up through 50c but missed it, other projects on the go.
 
At the risk of getting off-topic by delving a little further, I posted here but the discussion actually started over HERE in the ASX momentum thread.
ASL is an inclusion in the MSCI index rebalance. It has had a strong run-up in anticipation of this and it seems that there has been some unwinding coming into the actual event at close today.
 
Yesterday was odd. Got smashed down around 12% in about 5 mins, then recovered. All miners this afternoon have come under pressure. Some bullish patterns starting to fail. S32 for one.
 
Ausdrill hammered today. Down 27.5% to $1.725 at the time of writing. I'm attaching a screenshot of today's announcement by way of explanation. They tried to keep the bad news as brief as possible thankfully.

There appears to be support at $1.60 and $1.50 but bad news like this can weigh heavily on a company, so it's hard to say where ASL will bottom out in the short term. It may well end up back at support around $1.30 if there's no catalyst for a change in sentiment.

screenshot-www.aspecthuntley.com.au-2018.06.12-12-51-23.png


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