Some 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.
Just a thought on this. Long if it breaks Bullish Flag
I'm not interested in a long position in Bubs unless we can close above the green line. $1.05. Risk to reward is not good. If we close below 93-94 cents next week, it will drop fast toward the 200 ma. (red line)
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.