Buyers showing interest to support a move into new highs

Potential Buy Entry Alert RBL

 

Time Frame : Daily

Sector : Software and Services/Technology

Key Stats : $333.25 Million Market Cap, VWAP 1.605, ASX Ranking 443, 4 Week Av Turnover $236,195, Current Turnover (Intraday as at time of alert) $102,556.

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 showing signs of buyers supporting price at higher levels which we expect to lead to a push to new highs. Finding support from Fund managers, we expect new buyers to build the buy entry setup off a higher low and then we will be on board for the ride up.

 

Stock Code : RBL – Redbubble Limited

Company Website : www.redbubble.com

Current Price : 1.61

Status : On watch for buy entry setup