A good announcement saw buyers step in to push price higher

Potential Buy Entry Alert BUB

Time Frame : Daily/Weekly

Sector : Food and Beverage

Key Stats : $275.9 Million Market Cap, VWAP 0.835, ASX Ranking 472

Company Overview : Bubs Australia is engaged in the business of production and sale of infant milk formula and organic infant food in the infant food category under BUBS brand

 

BUB – Bubs Australia Limited

BUB has come to life the last two days after a solid announcement yesterday highlighting that revenue will double with a new China deal. We see buyers pop price up through resistance at the 0.85 zone so we are now on watch for further evidence of buyers stepping in to build the entry setup.

 

Stock Code : BUB – Bubs Australia Limited

Company Website : www.bubsaustralia.com

Current Price : 0.83

Status : On watch for higher low buy entry setup