The last week has seen something of a recovery, with ST1's price...

The last week has seen something of a recovery, with ST1's price closing at 0.225 on Friday. For the last five trading days, the price closed at the same or higher price than the previous day, making it a "green week":



That's one way of looking at it, but when zooming out, there has been a clear bear flag throughout August:


But a slightly different story emerges through the weekly chart, with a persistent downtrend (since July) countered by a slightly improved level of support at 0.205:



My NBN quote of the week comes from James Fernyhough of the Australian Financial Review; it touches on the business and residential ends of the market:

"NBN Co, which also reported its full-year results on Thursday, said it had increased revenue from business clients by 54 per cent to $388 million in the last financial year. The government-owned company intends to generate $1 billion from business customers by 2022, a strategy that has angered many in the industry who say NBN Co should not be competing in the business market.

Mr Penn said Telstra was making no margin in reselling NBN products, meaning without either retail price rises or wholesale price declines, fixed-line earnings from residential customers were on track to hit zero by 2022."