Buyers push price higher to trigger the buy entry level

Price triggered the buy entry level at 1.735 so the alert in now active.

Currently trading at 1.745 and the Stop Loss is held at 1.60.

 


Original Alert 5/10/18

New Buy Entry Alert RBL

 

Time Frame : Daily/Weekly

Sector : Retailing/Technology

Key Stats : $355.61 Million Market Cap, VWAP 1.68, ASX Ranking 438, 4 Week Av Turnover $216,794, Todays Current Turnover (intraday) $87,840.

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 on the move as buyers start the march higher. We are now happy to buy on a push up through 1.735 and happy to hold the stop loss at 1.60. If price falls back down through 1.60 prior to entry, we will cancel and re-assess the alert.

 

Stock Code : RBL – Redbubble Limited

Company Website : www.redbubble.com

Current Price : 1.69

New Buy Entry Level (Trigger Level) : 1.735

Potential Sell Exit Zone (Stop Loss) : 1.60

Status : On watch for a Buy entry trigger