In the last fortnight, ST1 has continued on its merry way, and I...

In the last fortnight, ST1 has continued on its merry way, and I think a good way of showing this is to pull out a basic linear regression chart.

This will be too much to write onto the chart itself, so using numbers only, I feel encouraged with:

1. A well-behaved, steady, and orderly uptrend, ranging within 2 standard deviations either way
2. Two bounces off the lower deviation (blue line) back to the base (red line) in early May and mid June
3. An ascending baseline (red line) acting as support (generally speaking) from July onwards
4. A faster uptrend from the base (red line) to the upper deviation (yellow line) in late July
5. Friday's close of 0.34 being the first daily close above the upper deviation (yellow line).

I want to send shout outs to @YLJ, who a few weeks ago made a good point that notwithstanding the recent price action, ST1's daily volumes are inconsistent. I think this needs to be remembered. But aside from volumes, I concur with @Cabbie about the overall health of the chart. I reckon this chart thread is better off when there are multiple analysts pointing out different things (unlike 12 months ago, when I felt like a lone wolf).

Moving to fundamental analysis, I'll end with this snippet from ST1's recent presentation, with regard to its top line:

"In FY20's first half, the company posted $9.5 million in B2B revenue, but brought that up to $19.4 million by the end of the financial year. Significantly, more than half that revenue — $10.7 million — is classified as recurring."

The look on this kid's face says it all - I love growth in recurring revenue: