Target reached and hit our target at R1.25 Rectangle box showed to be bearish and the price dropped hot and quickly. We now can have some sideways jumpiness which should form the next formation. We will wait for the structure before the next post. ABOUT: Purple Group is a financial services company listed on the “Financials – General Financial” sector of the...
After listening to comments on BD TV, the Analysists said its a Meme Stock with a PE over 40. With this latest falling Knife, the PE should drop. But we will have to wait and see. Why this company is burning cash - I'm not certain. Is the Valuation correct at these levels? Or must I take the Pain and Sell or Hold? Your thoughts and comments are...
Rectangle box has formed and the price has broken below the support. Moving averages - 200>21> 7 - Bearish RSI<50 <30 - Bearish Target 125c FACTS Limited is a financial services and technology group incorporated in South Africa, offering online trading, investing, asset management. A couple of famous brands include Easy Equities, Easy Properties, Easy Cryptos,...
I need to see why Purple Group has lost Faith? But I see a possible double bottom on the stock. Hope the faith is recovered? The owner of Easy Equities needs to perk up the platform, and listen to their customers requests regarding simple features like Stop-Losses ETC. A simple TAB to show that one has a Order is needed, without having to search. I.E a Manage TAB...
Purple has been frustrating, considering weekly view, I hope to see a leg up from the base forming here.
purple group may seem to be bouncing at the zone perhaps some buyers are coming in
Purple Group, one of the favorite stocks amongst the crowd investors is now hovering on crucial support. A breakdown below 205c can see moves to 160c -140c zone
Here comes the break on PPE; 130c/140c could be reasonable 1st target followed by 100c.
Price is set to test the trendline as a retracement before it heads above the 250 mark
the current retest on the support/demand zone with the doji candle signals a long. let's wait and see
Double top technical pattern developing on the daily chart; which will be confirmed by a break of the 220 support/neckline area. If confirmed I'm looking at 130c as possible 'short' target.
The purple group storm is still pretty much intact R3,50 and R4.50 look attractive
Looks like we have a failed H&S on our hands; which could trigger an 'extended' move upwards.
Looks like a H&S pattern developing on the daily chart, which if confirmed has a scary 100c as measured target. But until (and unless) we lose the neckline support and the 200dma, the trend is still up!
Long term play Long term play Long term play Long term play Long term play
they was a huge order block that still not executed at the R2 level that is why price had to go down to collect those orders PPE will resume its bullish upside move
Strong reversal off the 200dma; on good volumes too. That incline resistance (as well as 50dma) have to give in to expose the January highs.
Purple Group is still trading on an uptrend and will continue to create new highs of about R4.79 to R5.00