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3.45%

5.6¢ spirit technology solutions ltd

ST1 chart, page-18

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Cabbie

9,282 Posts.

833

11/08/19

22:01

Post #: 39957245
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Originally posted by Michael2: ↑

The week in review shows that ST1 performed poorly, with its most recent acquisition failing to stop an enduring correction. Having endured one of its worst weeks in recent times, the stock has lived through August by shedding over 10 per cent of its value.

Looking at the weekly chart, a double bottom of $0.20 was breached, albeit with a small bounce of 1 pip since then:

For the first time since March, daily trading action has consistently traded around the lower Bollinger Band:

The Relative Strength Index (in blue) plunged to 32, which was down from 70 a month earlier. In addition, the 200-day moving average (in yellow) has eased its momentum around $0.175

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Thanks @Michael2 - Just my thoughts on the chart.

The chart reflects the market participants attitude to this stock, as it should. Bar 3 that I've labelled reflects the market attitude to another round of shares issued, this time I think for options expiring and being converted to shares. The reaction to that Bar 3 is somewhat subdued - see where that goes.

ST1 Price at posting: 20.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.6¢		Change -0.002(3.45%)		Mkt cap ! $104.8M

Open	High	Low	Value	Volume
5.6¢	5.6¢	5.6¢	$1.036K	18.5K

Buyers (Bids)

No.	Vol.	Price($)
1	80057	5.6¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	654	1

View Market Depth

No.	Vol.	Price($)
1	80057	0.056
1	200000	0.055
2	518518	0.054
4	92010	0.050
1	80000	0.049

Price($)	Vol.	No.
0.058	654	1
0.059	430586	2
0.062	50000	1
0.063	508978	2
0.067	21310	1

Last trade - 15.05pm 05/11/2024 (20 minute delay)

ST1 (ASX) Chart