Charts UWL, page-89

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pastyranga

9 Posts.

07/06/19

14:18

Post #: 38961649
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Originally posted by Michael2: ↑

This has been the 5th consecutive week of price growth - that's an all-time high, having beaten the 4-week run during March:

Importantly, this 5th week's trading volume is more stable than the March streak, when volumes tended to fall off rising prices:

Last week also experienced a big spinning top formation. I see two ways of looking at that:
more selling pressure and resistance - no more weekly rises, and time for a breather
biggest intraweek rebound shows that more buyers are coming on board

Having said that, daily trading volumes have failed to reach 1 million shares for two days in a row - that's the first time in a month - and after news of the $15 million capital raise. (Maybe some profit taking.)

There are two ways of looking at that:
Price growth is slowing - time for a breather (just like in April)
The stock is tightly held - holders know they're onto something good, and won't be selling

Moving from charts to maps, here's the NBN rollout across Melbourne; purple areas have NBN available now, and brown areas should get it over the coming months. I wonder if UWL is blitzing the areas in brown, and beating NBN to the punch:

Expand

Highly unlikely as they don't have the infrastructure to service those areas; hence the interest in ST1 who do have wireless coverage there.

Disclosure: small holding in ST1
UWL Price at posting: $1.09 Sentiment: None Disclosure: Not Held
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0 Great analysis

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