Vocus and Telstra are both integrated telco stocks on ASX, with Telstra nearly 20x market cap of Vocus, this graph uses Telstra as an index to measure the trend of Vocus relative to that index.
The blue line (RHS scale) shows Vocus SP divided by Telstra SP, the candles are the Vocus SP (LHS scale)
The VOC/TLS trend has been tracking Vocus SP since the results announcement mid august, mostly because TLS has been relatively stable and VOC has a strong growth trend.
This week the VOC/TLS ratio hit a new recent high of 1.13, having been as low, having risen from 0.76 (the all time high is 1.7 during boom times)
Candlestick looked like an almost inverted hammer on friday, which is a good sign the trend will continue next week.
The blue line (RHS scale) shows Vocus SP divided by Telstra SP, the candles are the Vocus SP (LHS scale)
The VOC/TLS trend has been tracking Vocus SP since the results announcement mid august, mostly because TLS has been relatively stable and VOC has a strong growth trend.
This week the VOC/TLS ratio hit a new recent high of 1.13, having been as low, having risen from 0.76 (the all time high is 1.7 during boom times)
Candlestick looked like an almost inverted hammer on friday, which is a good sign the trend will continue next week.