Buyers in a prime position for a run higher but still a waiting game

Potential Buy Entry Alert to Watch BUB

Time Frame : Daily/Weekly

Sector : Food, Beverage and Tabacco

Key Stats : $221.22 Million Market Cap, VWAP 0.515, ASX Ranking 537, 4 Week Av Turnover $1,065,478, Current Turnover (Intraday as at time of alert) $333,577.

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 : HOLD


BUB – Bubs Australia Limited

BUB buyers are sitting in a prime position for a run higher as recent sellers are running out of steam at higher levels. We are now watching for a minor higher low to build for the entry and would like to see the increase in volume that accompanies more action as traders jump on board.

Stock Code : BUB – Bubs Australia Limited

Company Website : www.bubsaustralia.com

Current Price : 0.52

Status : On watch for potential higher low and move through 0.60