ST1 chart, page-46

Most of last week's trading action was pretty ordinary - and then came the news of the acquisition.

While previous acquisitions generally did little to excite the market, Friday's announcement of the Trident/Neptune double acquisition changed that, with daily volume popping to 2 million plus [see item 1].

Putting the price rise into context, there remains an existing trendline of resistance [Item 2]. Tomorrow marks the the third test of the declining trendline [item 3]. When an irresistible force meets an immovable object, something's gotta give:



Charts aside, ST1 has gone well down the acquisition trail in the last 12 months or so. Here is a list of acquisitions in that time (besides Trident/Neptune):

• Cloud Business Technology
• LinkOne
• Anttel Communications Group
• Ignite Broadband
• Wells Research
• Building Connect
• Arinda IT
• Phoenix Austec