Looking at the weekly chart, recent price action has shown promising signs against the descending upper trendline (yellow line). The signs include a:
- first (intraweek) trade above the trendline, which was three weeks ago [1]
- first weekly close above the trendline, which was two weeks ago [2]
- first full week of trading above the trendline, which was last week [3]
- third consecutive week of trading volumes over 5 million [4]
Aside from charts, the operational side of things is delivering as well. I noted this anecdote from MD Sol Lukatsky in the recent segment from The Market Herald:
"We were up against one of the majors [telcos] last week. The lead came in on a Tuesday, The other organisation was still service qualifying it, wanted three months to deploy it. By the following Tuesday, which was five days later, we [Spirit] had a 1 gig/1 gig service providing incredible speeds to 400-500 employees in Melbourne."
Spirit advertises itself as a catering to small-to-medium sized businesses, but note that the Australian Bureau of Statistics defines "a medium business as an actively trading business with 20–199 employees, and a large business as an actively trading business with 200 or more employees".
So based on that definition, Spirit is scaling up to large businesses as well.
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Last
6.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $86.09M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 68911 | 6.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.5¢ | 89000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 68911 | 0.061 |
1 | 299898 | 0.060 |
1 | 10000 | 0.052 |
2 | 238340 | 0.051 |
1 | 10000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.065 | 89000 | 1 |
0.066 | 5100 | 1 |
0.067 | 38144 | 2 |
0.068 | 152906 | 1 |
0.070 | 172058 | 5 |
Last trade - 07.00am 16/08/2024 (20 minute delay) ? |
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