>>80479195Week Watch anon here, it's time for a proper week in review!
ANYCOLOR'S HECTIC WEEK
Anycolor has managed to barely be in the green for the week as they see a 35 gain for the week. With the main driving factor being yesterday's performance being boosted by the share retirements, as well as what looks to be a decrease in short selling. Overall a rather slow decline before this surge.
However, with that being said I believe it's obvious to say that this isn't sustainable, and it's possible we've seen the peak of the share retirements benefits. Especially with the fact that unlike Cover, Anycolor's stock proceeded to be hit with a notable 36 yen loss from their lunch break price from yesterday.
As we look to next week, I'm more bearish on how they perform if they can't rely on a outlier. Although situations can change day by day that they can capitalize on.
COVER'S COMEBACK
Cover's story for this week in pure numbers for the most part mirrors Anycolor, however they faced a more steep decline and a even steeper surge as they face a 111 yen gain for this week overall. This is also rather historic as this is the first week they closed out above 2100 since early April. Although you could say this is the equivalent of slacking off on studying right before the exam.
However, if it weren't for Friday the prospect for Cover would look way more dire. As the stock for the first time in 3 weeks dropped below 1900. This is why for the most part I am apprehensive on them sticking in this 2100 range, and I would not be surprised if we see them fail to stick in the 2100s. So let's say that's their goal for next week.
Overall, a rather uneventful decline for both stocks. with Friday and the share retirement giving us some enjoyment at least. I am a bit more pessimistic on their prospects for this upcoming week, especially if this momentum from Friday can't make it through the extended weekend.
But that's all from this amateur's outlook. As a reminder that we're looking at a 4 day week for TSE as they have Monday off. Stay safe and we'll reconvene in a couple of days.
