The week in review shows one of the largest monthly dojis in ST1's history. Spanning a 6-cent range (i.e. 22-28 cents), it eclipses some previous monthly dojis (which then signalled a period of decline). It remains to be seen if the last few trading days of July will result in a different monthly candlestick:
The daily chart reveals a few different things. First, Tuesday's close of 22 cents was the lowest since June 18th. Second, there is now a streak of 3 dragonfly dojis, all finishing the day at 24 cents. Third, the intraday 'body' grew with each of those days. Fourth, this implies a firm level of resistance, but also increased selling pressure, as well as daily support/resilience at the close of daily trading:
Looking at a different kind of chart (i.e. from the recent Market Update), Total Contract Value has risen in the last two quarters, with the 'pending installations' (blue bars) amounting a million dollars or more of contracted income:
ST1 Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
