Looking at the weekly chart, recent price action has shown promising signs against the descending upper trendline (yellow line). The signs include a:
- first (intraweek) trade above the trendline, which was three weeks ago [1]
- first weekly close above the trendline, which was two weeks ago [2]
- first full week of trading above the trendline, which was last week [3]
- third consecutive week of trading volumes over 5 million [4]
Aside from charts, the operational side of things is delivering as well. I noted this anecdote from MD Sol Lukatsky in the recent segment from The Market Herald:
"We were up against one of the majors [telcos] last week. The lead came in on a Tuesday, The other organisation was still service qualifying it, wanted three months to deploy it. By the following Tuesday, which was five days later, we [Spirit] had a 1 gig/1 gig service providing incredible speeds to 400-500 employees in Melbourne."
Spirit advertises itself as a catering to small-to-medium sized businesses, but note that the Australian Bureau of Statistics defines "a medium business as an actively trading business with 20–199 employees, and a large business as an actively trading business with 200 or more employees".
So based on that definition, Spirit is scaling up to large businesses as well.
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Last
5.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $85.39M |
Open | High | Low | Value | Volume |
5.7¢ | 5.7¢ | 5.3¢ | $3.181K | 60K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 505286 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.8¢ | 187677 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 505286 | 0.053 |
3 | 101223 | 0.052 |
1 | 19500 | 0.051 |
1 | 10000 | 0.050 |
2 | 165000 | 0.049 |
Price($) | Vol. | No. |
---|---|---|
0.058 | 40655 | 3 |
0.059 | 118976 | 2 |
0.060 | 7699 | 1 |
0.063 | 30000 | 1 |
0.065 | 36000 | 2 |
Last trade - 12.15pm 18/09/2024 (20 minute delay) ? |
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