Jump to content

SMDS - DS Smith - Buy


Johnfmt

Recommended Posts

So if we look back at my chart from the 11th April you will SMDS paid off nicely for us hitting both targets.

Since then the company has moved into the FTSE 100 and has shown good growth over the last year. We have seen a small pull back to the 520 area after profits came in slightly lower than expected.

Technically the RSI & STOCH are shown oversold. Volume is steady at over 4m.

Looking at an entry above todays high. Stop at 500, TP 600.

 

https://uk.tradingview.com/chart/SMDS/h897pUFZ-SMDS-LSE-DS-Smith-Buy-Again/

 

This is just my opinion of the company and not a trade recommendation 

 

SXDpJzJ4.png

 

 

Link to comment

it is true it has had a great run since 2009, anyone buying back then would have seen a 10 fold increase in their investment. I don't know much about the company, but thanks for posting this chart.

 

I would note that its operating margin is steady at about 6% average over the last 10 years but in the last three years it has managed to increase this to around 7-8% which is encouraging as demonstrates some pricing power.

 

I personally would not be buying now, I note the broker consensus has downgraded (although only slightly) and if it met FY18 PrTP target of £429.5mn then I'd say the price now is about right, with mcap at £5.5bn. Definitely something I'd look to buy a bit of in any market correction.

 

Appreciate your post on this, and any other insight into the co. you may have.

 

Rgds

Link to comment

Nice analysis Rimmy, always good to get another point of view.

 

Price dropped on the open so it's now an invalid trade for me as I have a strict set of rules I use to enter a trade. Mostly based on technicals with a pinch of fundamentals. Looking at todays volume I would say it has found support but really I need to see a few more days of price action to really see where it is going. 

 

I do find you fundamental analysis interesting. I do a very basic scan through financial reports but nothing as in depth as yourself. I notice you use Sharepad as well. Great bit of kit.

Link to comment


Johnfmt wrote:

Nice analysis Rimmy, always good to get another point of view.

 

Price dropped on the open so it's now an invalid trade for me as I have a strict set of rules I use to enter a trade.

saw that too, and wondered how you handled it. 

I think you have identified here a good co, but price seems to be about right (unless there are other acquisitions or other earnings-beating news I am not aware of.

 

Maybe have a look at SBRY, I think there could be a short term trade there :)

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • Swiss Market Index Elliott Wave Analysis Trading Lounge Day Chart, Swiss Market Index Elliott Wave Technical Analysis FUNCTION: Trend MODE: impulsive STRUCTURE: gray wave 1 POSITION: orange wave 3 DIRECTION NEXT LOWER  DEGREES: gray wave 2 DETAILS: gray wave 1 of orange wave 3 is in play. Wave Cancel invalid level: 11130.21 The Swiss Market Index Elliott Wave Analysis on the day chart offers insights into the market's trend using the Elliott Wave Principle. The analysis categorizes the current function as a trend, indicating that the price movements are aligned with the prevailing market direction. The mode is impulsive, suggesting that the market is in a strong, directional phase rather than experiencing a corrective or sideways movement.   The wave structure currently under observation is gray wave 1, which is part of a larger sequence identified as orange wave 3. This implies that the market is in the early stages of a significant upward movement, with gray wave 1 representing the initial phase of this advance.   The position of the market within these waves is critical for understanding its future direction. Currently, gray wave 1 of orange wave 3 is actively developing. This stage is essential as it sets the foundation for subsequent waves, indicating the market's potential for continued upward momentum. The direction for the next lower degrees, which will follow, is gray wave 2. This suggests that after the completion of gray wave 1, a corrective phase will ensue before the market resumes its upward trend in orange wave 3.   An important detail in this analysis is the invalidation level set at 11130.21. This level is crucial for traders and analysts as it acts as a threshold for the validity of the current wave count. If the market price drops to or below this level, the existing Elliott Wave structure would be invalidated, necessitating a reassessment of the wave patterns and potential adjustments in trading strategies.   In summary, the Swiss Market Index Elliott Wave Analysis on the day chart indicates that the market is in a strong upward trend, with gray wave 1 of orange wave 3 currently in play. This impulsive mode suggests continued upward momentum, with gray wave 2 expected to follow as a corrective phase. The invalidation level at 11130.21 is a critical benchmark for maintaining the validity of this wave count, ensuring that market strategies can be adjusted if necessary. This analysis helps traders anticipate market movements and refine their strategies based on the Elliott Wave patterns.     Swiss Market Index Elliott Wave Analysis Trading Lounge Weekly Chart, Swiss Market Index Elliott Wave Technical Analysis FUNCTION: Trend MODE: impulsive STRUCTURE: orange wave 3 POSITION:  navy blue wave 3 DIRECTION NEXT LOWER  DEGREES:   orange wave 4                                         DETAILS: orange wave 2 of 3 looking completed at 11130.21. Now orange wave 3 is in play. Wave Cancel invalid level: 11130.21 The Swiss Market Index Elliott Wave Analysis on the weekly chart provides an in-depth look into the market's directional trends using the Elliott Wave Theory. This analysis identifies the function as a trend, indicating that the market is moving in a consistent, identifiable direction. The mode is classified as impulsive, which suggests strong and definitive price movements rather than a corrective or sideways trend.   The primary wave structure currently being analyzed is orange wave 3, which is part of a larger sequence identified as navy blue wave 3. This classification is significant as it highlights that the market is in the midst of a major upward movement. Within this context, the position of the market is situated in navy blue wave 3, which further confirms the ongoing strength of the upward trend.   The direction for the next lower degrees will be orange wave 4. This indicates that after the completion of the current orange wave 3, a corrective phase is expected to follow before the market resumes its upward trajectory. This pattern helps traders anticipate a temporary pullback before the continuation of the broader uptrend.   A key detail in this analysis is the completion of orange wave 2 of 3 at the level of 11130.21. This completion marks the end of a corrective phase and the commencement of the impulsive orange wave 3, which is currently in play. The invalidation level is also set at 11130.21, which serves as a crucial threshold. If the market price falls to or below this level, the current wave count would be invalidated, necessitating a reevaluation of the wave structure and potentially altering trading strategies.   In summary, the Swiss Market Index Elliott Wave Analysis on the weekly chart suggests a strong upward trend within the impulsive mode of orange wave 3. The market is currently in navy blue wave 3, with the next anticipated phase being orange wave 4. The completion of orange wave 2 at 11130.21 indicates that orange wave 3 is now in progress. The invalidation level at 11130.21 is critical for maintaining the integrity of this wave count. This analysis aids traders in understanding market movements and refining their strategies based on the Elliott Wave patterns, anticipating both the continuation of the trend and potential corrective phases.   Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!  
    • Why is Alpha Trade professional? Here is the answer We have been promoting Alpha Trade as a professional liquidity supplier in the industry. What is our level of professionalism? Let's take a look at the evaluation of our cooperating institutions on us:   CHELTON:   We utilise Alpha Trade for the execution side of our Regulated Wealth advisory business for Professional and Institutional Clients and chose Alpha and continue to utilise them due to their hands on consultative nature in giving us access to diverse liquidity in the OTC Derivatives markets. Rob Teuwissen, Chief Executive Officer, Chelton Wealth, Sweden     COUES CAPITAL:   Coeus Capital utilises Alpha Trade's execution services for its primary AFM regulated Diversified Currency Fund.   Our experience with Alpha Trade is that of a firm which fully understands our complex execution requires and they work tirelessly to deliver an optimal trading environment to meet our demanding trading requirements.   Henk van Andel, Chief Investment Officer Coeus Capital, Holland         This is the customer's professional evaluation of our Alpha Trade.
    • NEE Elliott Wave Analysis Trading Lounge Daily Chart, NextEra Energy Inc., (NEE) Daily Chart NEE Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minor 3.   DIRECTION: Top in 3.   DETAILS: Looking for a three wave move in wave 2 to be soon completed, to then continue higher.  Looking for Minor wave 3 to keep unfolding into a clear five wave move, the next level of resistance will be TL8 at 80$.     NEE Elliott Wave Analysis Trading Lounge 4Hr Chart, NextEra Energy Inc., (NEE) 4Hr Chart NEE Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive   POSITION: Wave (v) of {iii} DIRECTION: Upside in (v). DETAILS: Looking for upside into wave (v), volume confirm the bullish move, and we have equality of {iii} vs. {i} already surpassed at 75$, 1.618 stands at 84$. Welcome to our latest Elliott Wave analysis for NextEra Energy Inc. (NEE). This analysis provides an in-depth look at NEE's price movements using the Elliott Wave Theory, helping traders identify potential opportunities based on current trends and market structure. We will cover insights from both the daily and 4-hour charts to offer a comprehensive perspective on NEE's market behavior.   * NEE Elliott Wave Technical Analysis – Daily Chart* In our Elliott Wave analysis of NextEra Energy Inc. (NEE) on May 29, 2024, we observe an impulsive trend characterized by a motive structure. NEE is currently positioned in Minor wave 3, indicating a top in wave 3. We anticipate a three-wave move in wave 2 to be completed soon, after which the trend should continue higher. As Minor wave 3 unfolds into a clear five-wave move, traders should look for the next level of resistance at TL8 around $80. Monitoring this level can provide confirmation of the ongoing bullish trend.   * NEE Elliott Wave Technical Analysis – 4Hr Chart* On the 4-hour chart, NEE is following an impulsive trend within a motive structure, specifically in wave (v) of {iii}. The current analysis indicates that we are looking for further upside in wave (v), with volume confirming the bullish move. The equality of wave {iii} vs. {i} has already been surpassed at $75, with the 1.618 extension standing at $84. Traders should watch for potential resistance around this level, which could offer strategic opportunities for profit-taking or positioning for further upside.   Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here!    
×
×
  • Create New...
us