Potential Buy Entry Alert RBL

Time Frame : Daily

Sector : Software and Services/ Technology

Key Stats : $329.61 Million Market Cap, VWAP 1.565, ASX Ranking 431, 4 Week Av Turnover $220,157.

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.

RBL – Redbubble Limited

RBL is in pullback mode off the highs above 2.00 and we see early stages of buyers soaking up the selling pressure. The company is a novel idea and liked by some funds so we expect a move up to have some legs to it. Watching now for our favoured higher low to show buying strength.

Stock Code : RBL – Redbubble Limited

Company Website : www.redbubble.com

Current Price : 1.55

Status : On watch for buy entry setup