Ashtead PLC sees bullish break in post referendum world of weak

15 Tem 2016

• Ashtead Group PLC – Poised for Bullish break from flag pattern on weekly chart. This goes well with the fact that it derives a majority of its revenue (84%) from North America.
  

• Nice rebound from rising trend line followed by bullish break from flag pattern could yield re-test of 2015 high of 1231.
  

• Caution – Volumes have dropped