Just been studying the charts on this stock going back a few years. The way I see it the targets are $1.40 then $1.55 then $1.80.
Surely all the bad news is out there. If they come up with a vaccine the share could double from here. If there is a second wave of the virus all bets off.
The recent high of $1.30 will fall by end of May imo. June could see more accumulation prior to end of the financial year. September quarter will be looking for $1.55 target. December quarter target of $1.80 achievable. Even a small parcel of shares if your risk tolerance is low would beat cash in the bank imo. Ohh..........then there will be dividends next year. Whats not to like. Speculate to accumulate.
Another stock called Ppl (not asx code) somethingarather is another to make a killing on. DYOR
AX1 Price at posting:
$1.19 Sentiment: Buy Disclosure: Held
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