Trade the trend, "the trend is your friend". All three indicators MACD, RSI and CMF are pointing downwards which tells me this stock can break the support line. Thus, going down fast! We could go as low as 85 cents at this stage.
A good buying opportunity coming soon. I will keep it on my watchlist.
Comment
⋅
BREAKING NEWS - Bubs Australia BUB has signed an agreement with @AlibabaGroup to distribute a new adult goat dairy range called 'Deloraine'. Expected sales of A10m (RMB50m) in the first year #ausbiz #dairy
Bro, any suggestions on Bubs right now ? Thanks a lot !
johninvest17
⋅
@STONEFENG, Hi thanks for your comment. I have just updated my idea on this stock. Check it out!
saucy88
⋅
Hey, Could you provide an updated analysis?
Still seeing 85c in range?
thanks!
johninvest17
⋅
@saucy88, it's in a no-trade zone for me.
For me to go long, Bubs must close above resistance level $1.135.
Go short/sell below $1.
The red line " 200ma" went up to 0.855 cents.