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Redbubble - Oversold? RSI & MACD analysis
Redbubble was heavily sold after reports that Google Algorithms had been altered and affected its organic growth of online sales. This is however one channel for growth separate from its expansion into different geographies, paid partnerships, network effects and new product lines, that would support its future growth. Fundamentals still support this growth and we would expect that growth this year may be sluggish as the google algorithms are adjusted from Redbubbles end.
Risks:
-Competition from Amazon Merch should it direct its efforts in niche experiences (however not anytime soon).
-Etsy and other platforms (makers platform, marketplace)
-Further disruption to google algorithm
-Copyright of products on its website (see preso for more info)
RSI and MACD appear to support that price could be still appreciating between support line prices. Will need to monitor for breakout.
Risks:
-Competition from Amazon Merch should it direct its efforts in niche experiences (however not anytime soon).
-Etsy and other platforms (makers platform, marketplace)
-Further disruption to google algorithm
-Copyright of products on its website (see preso for more info)
RSI and MACD appear to support that price could be still appreciating between support line prices. Will need to monitor for breakout.
Nota
10/10 TradeNota
Will sell at $1.50 if lucky
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.