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ST1

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10.2%

5.3¢ spirit technology solutions ltd

I've only been charting this one for about a week or so...

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Cabbie

9,261 Posts.

828

08/07/19

22:18

Post #: 39428544
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Originally posted by Michael2: ↑

A review of last week's price action shows a sixth consecutive week where the value of ST1 has either consolidated or increased; 12-month highs are being tested, with higher weekly lows (over the last 3 weeks) being met with high upper wicks:

Looking at the daily chart, it showed continued steady growth - almost entirely within a clearly defined channel:

A few days ago, ST1 also broke through a 25-cent double top:

In a possible sign for continued growth, the weekly price increases have been accompanied by increasing weekly trading volumes:

Spirit has apparently delivered on its H1/19 Market Update from February 2019, which said:

The 3 acquisitions were LinkOne, Building Connect, and Arinda IT. With the acquisition of Arinda IT, Spirit now has a business presence in Perth:

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I've only been charting this one for about a week or so @Michael2 but it does look OK. Each successive bar from the breakdown bars from a recent high holds support and hasn't been breached on a close, even going back to the 20th May. ST1 did pull back from the high set on 28 on March 2018 so that's the next resistance to look out for.

Last edited by Cabbie: 08/07/19

ST1 Price at posting: 26.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

1 Great analysis

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(20min delay)
Last 5.3¢		Change -0.006(10.2%)		Mkt cap ! $72.43M

Open	High	Low	Value	Volume
5.9¢	5.9¢	5.3¢	$855	15.5K

Buyers (Bids)

No.	Vol.	Price($)
1	100000	4.8¢

Sellers (Offers)

Price($)	Vol.	No.
5.3¢	28380	1

View Market Depth

No.	Vol.	Price($)
1	100000	0.048
1	581395	0.043
1	16000	0.042
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.053	28380	1
0.060	1040000	2
0.061	5000	1
0.093	10238	1
0.099	26000	1

Last trade - 16.10pm 27/08/2024 (20 minute delay)

ST1 (ASX) Chart

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