Buyers on the march today after a clean out lower in yesterdays session

Current Active Alert Management RBL

Time Frame : Daily

Sector : Retailing/Technology

Broker Consensus : BUY

RBL – Redbubble Limited

RBL has been under a bit of pressure lately but now is on the move up after a washout of buyers in yesterdays session. Price is rocketing higher along with the ASX200 so we are happy to tighten the risk level and raise the stop loss to 1.24 from 1.16. We will also be watching for an opportunity to take some profit off the table if today’s strength continues.

Stock Code : RBL – Redbubble Limited

Company Website : www.redbubble.com

Current Price : 1.425

Previous Buy Entry (Trigger Level) : 1.35

New Sell Exit Zone (Stop Loss/Cancel Level) : 1.20

Status : On watch for continuation higher and potential partial exit

Alert History

Previous Alert 6/09/19

Buyers push RBL higher to trigger the Buy Entry Level at 1.35 so the alert is now active. The Stop Loss is held at 1.16 and the current price is trading 1.375.

Original Buy Entry Alert 6/9/19

New Buy Entry Alert RBL

Time Frame : Daily

Sector : Retailing/Technology

Key Stats : $337.53 Million Market Cap, VWAP 1.305, ASX Ranking 436, 4 Week Av Turnover $364,095, Current Turnover (Intraday as at time of alert) $111,365.

Company Overview : Redbubble Limited (RBL) operates global online marketplace connecting independent artists with customers and a global network of third party fulfillers utilising print on demand technology to fulfil customer orders. As such, redbubble operates in the retail e commerce industry, in addition to the specific sub segments of print on demand and online marketplaces for artists and designers.

Broker Consensus : BUY

RBL – Redbubble Limited

RBL is holding up nicely after a push up through the 1.20 off key support at 0.85. There was some good buying coming in to the action to support price at 0.85 and we expect to see further buying for a push up to 1.80/2.00. We are happy to buy on a push up through 1.35 with a Stop Loss at 1.16. If price falls below 1.16 prior to entry, we will cancel the alert and re-assess the action.

Stock Code : RBL – Redbubble Limited

Company Website : www.redbubble.com

Current Price : 1.325

New Buy Entry (Trigger Level) : 1.35

Potential Sell Exit Zone (Stop Loss/Cancel Level) : 1.16

Status : On watch for Buy Entry Trigger