Interest on short positions will need to outweigh the benefits of keeping the price down at an a cumulative level. 1-2 weeks is a reasonable amount of time to generate large volumes. Viewing the AX1 charts its e vident of this, a jump, followed by plateau, followed by a small dip, followed by a jump. But all speculation and forecasts on mothing other than opinion, but the quantities of orders e.g. Have been hundreds of trades with 1,250 units which is my indicator of manipulation at play.
As for price if a second wave comes through and stores are requring closed doors, I wouldn't be surprised if we saw $1 levels again, but unlikely as a nation we will get get this stage. Sales online are up 150% YoY, for any retailer this is a monumental milestone, price hit $2.2 on an jncrease of 30% or so increase in online. Add to this Stylerunner and multiple store openings and hopefully more purchase of franchise stores margjns are increased as well.
My money is on seeing this well and truly above $2 post FY results.
AX1 Price at posting:
$1.37 Sentiment: Buy Disclosure: Held
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