BBN.ASX_Down Trendline Breakout Trade_LongENTRY: 5.86
SL: 5.23
TP1: 6.24
TP2: 6.65
- ADX<20. Would like to be higher.
- RSI<50,RSI<70
- Daily RS -ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI -ve
- Weekly MACD -ve
- Broke out down-trendline on 19 Jul 2021, with followed up higher volume today. Hence, possible change of trend.
- Not a good closing today.
- Watch or tighten SL in coming days.
BBN trade ideas
BBN - Baby Bunting - ASXCurrently at "fair" value.
I require a Margin of safety.
BBN seems to be in a growth stage,
attaching a MOS of
30% would have a buy price
@$3.80 which aligns with the
3 Year trend channel.
High Growth, ROIC high teens.
broadening over seas in 2021.
have attached a 30% Margin of safety.
Low Risk Buying Point 21-10-20After the earning released on 17/8/20. Baby Bunting (BBN) is forming a 65days long consolidating base. As we can see in the graph, there are 3 small higher high and higher lower ascending base.
Shirking Volume shows lacks of institutional distribution.
Leading stocks and other retail shares has no signs of reverse signal.
Today closing at 4.76 is testing the resistance of 20days MA and base.
In conclusion, BBN is forming a very low risk buying point at about 3.5% risk, buying point would be above 4.84 and stop loss ideally would be 4.6.
$BBN - BABY BUNTING - Bolly Squeeze is on... Baby Buntings price is undergoing quite a bit of compression in the lead up to its earnings announcement on the 15th of Feb. Several people have been somewhat bullish and if you look at the stock on the shorter time periods like 15m and 1h it does look like it might be setting up for an upward breakout. Buyers in the queue are pushing up as well. There is 20% or so room to move to get back to its previous highs so have taken a small punt to capture any significant upward movement. Stops are in of course.
1 HOUR VIEW
ABOUT BABY BUNTING
Baby Bunting Group Limited is a retailer of baby goods, primarily catering to parents with children from newborn to three years of age and parents-to-be. The Company is engaged in the operation of Baby Bunting retails stores and its online store, www.babybunting.com.au. The Company's product categories include prams, cots and nursery furniture, car safety, toys, babywear, feeding, nappies, manchester and associated accessories. The Company offers over 6,000 products. The Company sells private label and exclusive products. Private label products are sold by the Company under its own brand, 4Baby. The Company operates approximately 40 stores across all Australian states and territories, except Northern Territory and Tasmania. The Company offers additional services to its customers, including lay-by, car seat fitting, parenting rooms, which include baby weight scales, and an in-store/online gift registry.
