I took a bit more off the table at the beginning of May as this looked like it was starting to lose momentum. Looking for a re-entry now but still very much in falling knife territory. I think this may hold on the 61.8% fib retracement around $1.735 which has also been the point of previous resistance. If it falls further then $1.50 and $1.20 are in play. This is a great long term hold + swing trade stock. With regular cyclical up and downs, and a great dividend to back it up. I'll be very pleased to double down the parcel I sold at $2.54 if it gets that low, but will start scaling in from $1.73 if it starts to stabilise in a few days' time. The next year or so may be rocky with interest rates biting on discretionary spending, but considering the target market for these shoes are unlikely to have mortgages, I'm not sure it will impact them too much. Nevertheless in the long run people always gonna have feet and need shoes. Top up while opportunities arise, and don't be scared to take a bit off the top when appropriate also.
AX1 Price at posting:
$1.88 Sentiment: Buy Disclosure: Held
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