The week's price action is showing that what goes up must come...

The week's price action is showing that what goes up must come down; this is the daily trend since March:



August saw the beginning of a monthly downtrend, along with no upper wick to boot - the August 2019 monthly candle is eerily similar to the July 2018 candle:



From a day trading perspective, ST1 has shown a consistent pattern of recent daily gains, albeit for 1-3 pips on mostly lower volumes. But from a swing trading perspective, the shooting star on August 22 was a sign of things to come:



ST1's underperformance on price is one thing, but this NBN insight from Paul Budde is another:

"NBNCo has made its maiden profit and obviously, the company was very pleased with this achievement, since some of it was due to lesser payments to Telstra and Optus and some changes in accounting standards. Also, in order to properly measure the jubilations, it is good to remind ourselves that over the years, the bar for the revenue targets has been lowered several times. So the target that has now been crossed is significantly lower than the original projection."