Purple group is still looking bullish. Touching the Trendline support with a doji reversal candle. One with a long tail. Its a very good long term hold
Price approaching previous breakout level around 250c. RSI approaching oversold territory!
Technically, a long entry is unattractive at current levels (221c). - Currently, the monthly candle is in line with the May 2007 candle (around swing highs/resistance) and has developed a similar structure (long upper tail) suggesting selling pressure starting to emerge. - The 7-month RSI is at it's highest level EVER, with a print of 91. This is an extreme...
If you missed the entry on the retracement, its not late jump on the Purple groups rally to previous highs. This move is boosted by the groups, easyequities product success. It is still expected to grow their user numbers/day traders. From trend analysis, price will reach levels which it rejected at first. Long term bullish on this stock, look for it to reach the...
PPE has passed our previously projected price and continued in a strong uptrend. Reached highs of 2007 and we can expect a dip before another spike to 300. Definitely BUY BUY BUY!
GAME CHANGING COMPANY OWNERS OF EASY EQUITIES STARTED my relationship with them at R 0.80 now its way above that moving +200%. Lets get to the technical side. We may still see the R1.44 area being re tested, hopefully
a continuation to the upside on Purple Group in on the cards
Bullish flag formation setup. If price breaks our trendline we can expect a movement to 166 area and above.
Purple Group's share price has been consolidating for a few weeks now, and seems to be forming an ascending triangle - higher lows. Its has also formed a bullish pennant. This is the perfect time to be accumulating before it moves higher. I expect the stock to break out of the trading range within the next two weeks. R1.40s - accumulate 1st support line is...
JSE:PPE had a nice upward rally at the beginning of June followed by a slightly downward consolidation period. Because of these moves, we have seen the formation of a bullish flag pattern. A bullish flag is a continuation pattern, therefore the expectation is that the price will continue upwards once the breakout has happened. So far this morning a breakout has...
Purple Group could reach R1.80 by years end or at the very least still stay around the same price range if recent technical patterns are anything to go by. By at least September we should see another massive price activity and lets hope that activity is not a break in the pattern. If not then there is a good chance the next movement will be to beat the R1.60 mark...
Really hoping this support line holds, what do you think?
Very bullish looking flag break break with two target prices. 152 and 172. A break back into the flag pattern should trigger a stop loss.
Purple Group has had a massive run up over the last 6-12 months. Yes, their customer growth has been impressive and they continue to grow exponentially, but it goes without saying that you should be cautious and not overly optimistic and this point. Purple Group must still grow into their earnings and continue to show the market that they have what it takes to...
Happy to see PPE finally break through the 120 level
Stochastics are overbought. Expect pullback to 50dma level which is also the ATR Sell signal if you are n short term trader. Doji candle implies major indecision in the market. Might set itself up for a new buying signal further down the line.
The once uptrend support line seems to have become and uptrend resistance. Purple Groups trading volumes seem to to have increased(unsurprisingly) and we saw the price dip below R1.00 today. Hopefully not a sign of things to come but could be likely. Another week or two and we should have a clear picture of what will happen. My idea is that like before, investors...
This month PPE has managed to break both Support and Resistance lines that have caged the price since mid December although the support line break can be considered a false break. On the other hand, the 90c resistance was broken in a spectacular 25% rally and peaked at 98c momentarily before coming down to rest at 91c. Resistance has now become support as...