ST1 2.33% 4.4¢ spirit technology solutions ltd

For the week in review, ST1 has settled into a channel between...

  1. 250 Posts.
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    For the week in review, ST1 has settled into a channel between the 30-day moving average of 0.23 (yellow line) and the 50-day moving average of 0.245 (blue). This is in contrast to previous weeks, where the price was well above both averages. Daily trading volumes are consistently falling, as part of a trend that began in mid-July:
    https://hotcopper.com.au/data/attachments/1672/1672069-58bf68fa3c56d26b3250f2559547f2bc.jpg
    Looking at the weekly chart, the previous doji (from early July) was telling. Following that period of indecision, weekly prices fell for two weeks, but the last week created another doji:https://hotcopper.com.au/data/attachments/1672/1672074-1fd977886f462dbd5d78737332a45113.jpg
    ST1 is now trading within its EMA ribbon, with the bands now starting to converge:
    https://hotcopper.com.au/data/attachments/1672/1672082-e60a742c530e9b518bc5e398cfc2e278.jpg
    My NBN-bashing quote of the week comes from the Australian Financial Review:

    "In aspeech to the National Press Club on Wednesday, Mr [Andy] Penn said the cost offixed-line internet had doubled since the rollout of the NBN began, and thatthese cost pressures would force telecommunications companies to look for moreprofitable alternatives, such as 5G fixed wireless"
 
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Last
4.4¢
Change
0.001(2.33%)
Mkt cap ! $60.13M
Open High Low Value Volume
4.3¢ 4.4¢ 4.2¢ $10.08K 239.1K

Buyers (Bids)

No. Vol. Price($)
2 46983 4.2¢
 

Sellers (Offers)

Price($) Vol. No.
4.4¢ 1045 1
View Market Depth
Last trade - 16.10pm 03/07/2024 (20 minute delay) ?
ST1 (ASX) Chart
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