Purple Group has disappointed many Shareholders. This is a 3 Year Study. I'm not Brave enough to call this Long yet, and will rather wait for more definitive Price Action above R0.90 However the Stock is way oversold, at the 7th Wave down. As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions. Should you appreciate my...
See link below for previous analysis Purple Group released its interim group results for the six months ended 29 February 2024 yesterday and the market loved it. Highlights: -Group revenue increased by 29.3% to R188.8 million -Group operating expenses decreased by 0.4% to R141.8 -Profit attributable to ordinary shareholders of R10.9 million, compared to a loss...
Purple Group (PPE) operates as a dynamic trading platform and asset management company focused predominantly on the private investor market in South Africa. The company stands out for offering the lowest trading fees on the Johannesburg Stock Exchange (JSE), making it a compelling choice for budget-conscious investors. Its operational model is divided into three...
Purple Group (PPE) is a distinctive entity in the financial sector, specifically tailored for private investors and known for providing some of the lowest trading costs on the Johannesburg Stock Exchange (JSE). The company is segmented into three divisions: Easy Equities, Emperor Asset Management, and GT247. **1. Easy Equities:** This platform is particularly...
Purple Group (PPE) is a trading platform and asset management company that is aimed mainly at the private investor and offers the cheapest costs of dealing in shares on the JSE. The company has three divisions: (1) Easy Equities which enables investors to buy very small quantities of shares with very low dealing costs. For example, buying R100 worth of a share...
Another stock back to prices last seen 3 years ago after a 500% rise. I will be patiently watching closely for any 'green' shoots on the chart. Next level of interest is 45c while we stay below 79c. The trend is your friend! Trend trading is a trading style that attempts to capture gains through the analysis of an asset’s momentum in a particular direction....
From Nov 2021 to June 2022, JSE:PPE painted a double top structure and bears took control of the price in August 2022, squeezing it into a sharp falling wedge. Price still has some wiggle room to the downside and the instrument may be seen testing levels around 43 ZAC, which coincide with the height of the double top projected downwards. This price area is also...
Purple Group Shares Price Tank -10% further to the down-side. The Charts show some more pain to be had. I might be wrong, but the CEO did increase his Salary? Will need to find out if this is correct. Suspicious purchases seen. I am disappointed on this Investments performance. However, by selling now will destroy your Capital. Tough decision. Hind Sight that we...
See link below for original analysis. Purple Group stock is still failing to catch a bid. After a brief period of consolidation, the stock has resumed its downtrend and looks likely to hit the Double Top price target of 46 zac. Another look at the MACD indicator shows how the bulls have tried and failed on five occasions to break above the zero line. The...
PPE : JSE Purple Group Not Looking Good? Low Fibs are Pointing to R0.39. I sincerely hope this is incorrect for share holders, as I am one @ R1.70 How long will it take to turn around? All comments are welcome. Regards Graham.
Strong Down Channel continues with Purple Group. There are no breakout patterns and now strong supports until we reach 40c and then 30c. This is a no buying zone, despite how attractive the discounted value is. End of the day, we need to wait for the break above the down channel, before bullishness shows. Other indicators confirm downside momentum...
There has been a strong downtrend channel with Purple Group. And if we follow the movement the next price target is to 75 cents... No matter what the company does the price continues to drop. It might be because it is a Penny Stock which is never seemed deemed as valuable to shareholders as blue chips. There may be hidden issues within the books, micro and...
The market has tested this level of support around R1.10 - R1.20 over the past two years and has never broken through, consensus is that this will be a strong buy zone. Over the past three months, there has been a bullish convergence identified with the RSI making higher highs.
JSE:PPE just released unaudited results; the stock took a bit of (continuous) hammering. Previously, we anticipated R1.10 as the potential support level, the stock is currently trading at that level. Technically, it's a zone to pay attention to, in anticipation of a breakdown or for buyers to step up and push the price up. This week, it'll be a combination of the...
Purple is a retail investor favourite. The share price has dropped more than 50% from its all time high of 350 zac. The MACD indicator shows an interesting relationship with price. The peak at 350 relative to the previous peak of 349 created a double top formation and the MACD had a clear bearish divergence formation. The MACD has made two attempts to break above...
Recovery isn't done. Purple Group is still overvalued.
I'm not certain the 'retail peasant' can short this but ye.. eish! Either way, nice entry point? I feel the Snoop dog song "drop it like its hot" is highly appropriate.