A review of last week's price action shows a sixth consecutive week where the value of ST1 has either consolidated or increased; 12-month highs are being tested, with higher weekly lows (over the last 3 weeks) being met with high upper wicks:
Looking at the daily chart, it showed continued steady growth - almost entirely within a clearly defined channel:
A few days ago, ST1 also broke through a 25-cent double top:
In a possible sign for continued growth, the weekly price increases have been accompanied by increasing weekly trading volumes:
Spirit has apparently delivered on its H1/19 Market Update from February 2019, which said:
The 3 acquisitions were LinkOne, Building Connect, and Arinda IT. With the acquisition of Arinda IT, Spirit now has a business presence in Perth:
ST1 chart, page-2
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