Last week's price action has reinforced an existing support line...

Last week's price action has reinforced an existing support line at 0.21. There was a short-lived break through to 0.23 (breaching previous short-term resistance of 0.225):



Over the last 3 weeks, weekly volumes have grown from 645,000 to 1.5 million - but that's a far cry from June/July, when weekly volumes were consistently over 4 million:



Recent Commonwealth Government announcements may also influence Spirit's market penetration in the coming months. According to Paul Fletcher (the Minister for Communications) the NBN has a green light to make further inroads into the business/enterprise market:

"I want to make it clear that the Morrison Government regards NBN’s work in serving the business market – both the enterprise market and small and medium business – as a core part of the company’s mission"

See https://www.paulfletcher.com.au/portfolio-speeches/speech-to-cedas-40th-state-of-the-nation-the-nbn-and-productivity