The last fortnight of trade began with a gap up and continued...

The last fortnight of trade began with a gap up and continued with last week's close of 25 cents - the highest weekly close in a year:



With ST1's market cap climbing over $100 million recently, it's getting ready to test its all-time high of 28 cents.The daily chart shows that ever since the small gap up a fortnight ago, prices have been trading within a steadily ascending channel. Here's how it looks over the last 60 days:



On the major holders front, there were some interesting developments recently. Many have noted Crazy Diamond's continued accumulation, but Regal Funds Management has also increased its holding (good to see an institutional holder doing that). Also, if I read correctly, Geoff Neate's fund sold off $8 million of stock (while still holding onto a large chunk). When a former Managing Director does that, it's tempting to speculate, but I won't.

Onto sector comparisons, following that recent report from Cannacord Genuity, it has conveniently listed 4 big players in the wireless/data/IT/telco space (listed on the ASX):

Uniti Wireless
Spirit Telecom
Over The Wire
5G Networks

It might be interesting to do some chart comparisons between all 4 companies in future posts - if I can ever get around to it.