Here's my week in review. Looking at the daily chart, this last week has seen a period of consolidation around the $0.26 mark. The previous channel of growth turned into a channel of consolidation. This channel pattern is similar to what happened in late May and early June:
Last week's trading volumes were down, with Thursday's volume (376,125) being the lowest daily volume for nearly a month. In addition, there were no days last week where daily volumes exceeded 1.2 million. This is in contrast to the week before, when there were three days of 2 million plus shares changing hands:
2 weeks ago Last week 1 01-Jul-19 02-Jul-19 03-Jul-19 04-Jul-19 05-Jul-19 08-Jul-19 09-Jul-19 10-Jul-19 11-Jul-19 12-Jul-19 2 762,478 2,089,280 2,612,569 2,038,565 1,160,121 1,178,455 939,236 1,148,216 376,125 1,084,215
According to TradingView, ST1 is achieving buy signals on 16 out of 17 moving average indicators - this is the highest score I have ever seen for this stock:
My NBN-bashing quote of the week comes from Paul Smith of the Australian Financial Review:"Ratherthan listen to the government talking up the completion of the NBN in 2020,citizens want to know how it will be upgraded to cater to the growing needs asthe next decade progresses.
Thereare no answers to that question and, regardless of how the economics of theoriginal NBN may have played out, history will not look kindly on thepoliticians and their enablers who led the country down this path."
