Buyers holding onto higher levels and building for the new leg up

Potential Buy Entry Alert to Watch BUB

Time Frame : Daily

Sector : Food, Beverage and Tabacco

Key Stats : $593.67 Million Market Cap, VWAP 1.155, ASX Ranking 329, 4 Week Av Turnover $5,086,275, Current Turnover (Intraday as at time of alert) $1,702,977.

Company Overview : Bubs Australia Limited (BUB, formerly Hillcrest Litigation Services Limited) 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.

Broker Consensus : Not covered by a major broker

BUB – Bubs Australia Limited

BUB recently spiked higher on news of a JV with a strategic China partner as buyers dived in to soak up the selling. We see that the price still has some work to do but the move from 1.60 to 0.90 has cleaned out a lot of stale holders so we are now watching for fresh buying to hold higher levels and build the buy entry setup for a push up through 1.25 and then potentially 1.60.

Stock Code : BUB – Bubs Australia Limited

Company Website : www.bubsaustralia.com

Current Price : 1.155

Status : On watch for potential higher low and push up through 1.25