Here's my week in review:This was UWL's worst-performing week...

Here's my week in review:

This was UWL's worst-performing week for some time, having started at an all-time opening high of $1.88, only to lose 22% of its value, and end the week at $1.535. The weekly chart shows it as thus:


The daily chart shows a cascading waterfall of daily falls, balancing to a region of support in the low $1.50s. The Friday closing price revisited the closing price from the 25th of June:


Over the last few weeks, several days showed a pattern of heavy selling pressure from 10am-12pm. Astute day traders noticed how the price often recovered in the afternoon - but this pattern diminished as the week continued.

The Bollinger Bands tell an interesting story: past price falls to the 20-day moving average (in late April and early June) led to big bounces (to the upper Bollinger Band) about a fortnight later. Now in July, UWL has fallen to the 20-day moving average again. Will this be time for a new bounce to the upper band (currently at $2.00)?


My favourite news quote of the week is from Adam Turner of the Sydney Morning Herald:

"Testing of 43 modem/routers from 11 different hardware makers and 10 internet providers, found that none could achieve 100/40 Mbps broadband speeds over a 450-metre copper run, which is the average length of copper in an NBN FTTN connection."