PURPLE, yes the mattress company, has bee getting hammered for a while now. Their stock price was mile higher than it is now, but it looks like the bottom may just be in. And, it's gone down so much, compared to what it used to be, that the risk involved in investing, or trading it has decreased as well. Keep in mind that this company is extremely subject to...
PRPL Long🚀📊
It is not financial advice. This is my opinion. Please check yourselves and invest in the symbols that you think have a huge potential to reach the best results.
Please leave us your opinion and reviews.🙏
PRPL came back on $8.80, therefore it offers the chance to calculate the Fibonacci areas.
The levels explain already a lot but I expect a hard and strong level at $18.50 - this could form a potential new area.
The fall was related to the news on last monday:
"expects earnings and revenue at the low end of prior guidance"
But important is this as well:
The...
I have this one on my calendar today from back on the 6th for this month. I don't really follow it, but it has made a new low and I'm thinking this could be a tradable bounce. I do anticipate a bounce starting this afternoon in indexes as well from around 4224 on /ES.
I'm looking for around $26.34 in PRPL and then get out.
Other stocks on my calendar today are DDD...
PRPL Long🚀📊
It is not financial advice. This is my opinion. Please check yourselves and invest in the symbols that you think have a huge potential to reach the best results.
please leave us your opinion and reviews.🙏
Good Luck 👍
$PRPL appears to be breaking out of recent channel on the daily chart. Anchored VWAP from swing high on Jan-25-2021 is $31.31, 50-day MA is $30.42.
Short term price target is reclaiming 50-day MA and then anchored VWAP.
$PRPL Target 34.35 for 21.68%
Or double position at 22.11
Added here last night but again couldn't publish because of my 10 daily publish limit... haha... sorry, y'all... It came up a little but still a good spot to add.
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my...
$PRPL Outperformed in their most recent Q1 earnings. Great technical setup, Once we break over this resistance, we also break over the 200 EMA which should give a lot more confidence to potential investors and volume should start an uptrend. Under analysts PT
$PRPL Target 36.95 for 20.12%
Or next add level is at 24.57
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first...
I already hold options on this.
Could be ready to make its move or it could pull back into the pennant, which would still be healthy.
I like the pennant on this and will keep playing call options on it until it proves to be a loser.
Always use a stop loss.
i guess you can call this a trend channel xD, decent long if these monthly candles keep printing green and making higher highs. long 33 stop loss 26 target 40. risk reward isnt good enough for me to enter yet though! goodluck :)
PRPL
Breakout - Above 32.80/ 33 (Buy)
Support - 32/ 32.50 (Cut Loss)
Targets - 33.50/ 35/ Above 36 (Trim or Sell)
Analysis - The inverted head and shoulders pattern indicates a movement towards a bullish trend(Top Yellow). Following that it has formed a bullish wedge if you look at the past 3 months(Yellow). It is forming a symmetrical triangle(Pink) over the...
![PRPL: $PRPL | Purple: Bullish Inverse Head and Shoulders [Update]](https://s3.tradingview.com/p/PimOglKe_mid.png "$PRPL | Purple: Bullish Inverse Head and Shoulders [Update]")
