Technical outlook – Approaching this share from a technical perspective, the current market pattern is nesting on a support base at $0.62/$0.66.
After assessing the extent of the sell-off since March 2020, the two leading indicators, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), both at present, are strengthening to a bullish bias.
Therefore, we believe the bullish pathway is expected to unfold towards the region of $0.90-94.
Company Overview – Bubs Australia Limited (BUB, formerly Hillcrest Litigation Services Limited) is engaged in the business of production and sale of infant milk formula and organic infant food in the infant food category under BUBS brand.
Products are sold in major supermarkets and pharmacies throughout Australia, as well as exported to China, South East Asia, and the Middle East.
Former Names: Aurifex Mining NL, 22/11/1996; Hillcrest Resources NL (HLL), 15/11/2000; Hillcrest Resources Limited (HLL), 13/12/2004; Hillcrest Litigation Services Limited (HLS), 22/12/2016