BUB trade ideas
Massive BUBS Australia order Tweeted By Biden after FDA approvalFrom the Sydney Morning Herald, "An Australian baby formula company has sealed a mega deal to send more than a million tins to desperate parents in the United States, with President Joe Biden spruiking the deal on Twitter himself."
“I’ve got more good news: 27.5 million bottles of safe infant formula manufactured by Bubs Australia are coming to the United States,” Biden tweeted on Saturday local time.
"The company secured approval from the US Food and Drug Administration (FDA) on Saturday morning (AEST), allowing it to export six of its baby formula products to the US to help fill the country’s dwindling shelves."
Could be interesting to keep an eye on their stock price.
Potential Long-Term Hold if Long Indications HoldSome scenario's I'm watching for BUBS. I'm hoping to get in for a potential long term hold based on growing revenue, increasing profit margin and potential long term growth.
See chart for further details. The next few weeks will hopefully provide us the data to make our decision.
The Trend Is Your Friend, more selling to come for BUBS AUST?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.
Buy BUBDue to oversees markets, the ASX 200 could be pointing lower today so risk off. This is why i'm looking into consumer staples stocks such as BUB, on the weekly it's on a up trend so looks good for future run up and on the daily it has a nice pull back on the 20 EMA. It also hit a key levels on fib levels as well.
Buy BUB They say ASX is going to open higher today, that could happen, but it is sitting on Res as we speak. My view could be that it might pulls back today just due to bad GDP data came out yesterday. Also, the Staple sector has been showing some strength for the past four days, therefore I’m looking at this stock today. Massive gains to the upside it is sitting outside its BB so it could pull back today, the reason im long on this stock because if you look from 30 min all the way down to 1 min, its trending nicely to the upside with the 50 ema and forming a break out trade on 5 min and 1 min as well.