Bubs Australia Limited (BUB.ASX)

11 June 2019

Technical Summary: Bubs, the Australian infant formula company that is riding the recent wave of investor enthusiasm in the industry. Over the last couple of years it has been a reasonably wild ride for the stock. Hitting near $1 per share a year ago before pullback back to lows of nearly $0.34 cents. The stock then consolidated quickly and broke out of that base and ran up to highs of over $1.54 per share within a few months. The stock has since pulled back to its 50 day moving average. The direction of the next movement is difficult to predict but it is probable that it will involve continued volatility.

Wild wide from this high profile small cap

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