Sellers come in to trigger the stop loss level after capital raising

Alert Closed after capital raising at 1.50 drives sellers into the action.
Closed at the stop loss level 1.60.

 


Previous Alert 17/10/18

Current Active Alert Management RBL

Time Frame : Daily/Weekly

Sector : Retailing/Technology

 

RBL – Redbubble Limited

RBL has been a slow grind higher but price is still finding some buying support against the overall flow of the negativity in the ASX. We are happy now to raise the stop loss level to 1.625 to reduce the risk.

 

Stock Code : RBL – Redbubble Limited

Company Website : www.redbubble.com

Current Price : 1.76

Previous Buy Entry Level (Trigger Level) : 1.735

New Sell Exit Zone (Stop Loss) : 1.625

Status : On watch for continuation

 

 


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