Purple is trading currently at its P-Pivot Point. There are good opportunities in both directions, we just have to wait for confirmation. IF the Pivot Point fails as a support level, shorts are the proper way to make money of the fluctuations. >Price targets: 1; 19.04 2; 16.85-15.87 If it holds, we could see a steady rise in the price even...
How can I use Exponential Moving Averages (EMA) to trade Pullbacks? Trading pullbacks with EMA can be done profitably as long as we use a long-term exponential moving average. And, without a doubt, the 200-day EMA is probably the most powerful moving average that a trader can use. For a valid EMA pullback setup we need two things to happen: First, a break of the...
Hello traders, PURPLE INNOVATION is in a fake bearish configuration with failed buyer's attempt and massive buying volume. Despite her she asks again to go up, PURPLE INNONVATION is heading for her last bottom. Who is the repressed attempt of buyers. See TIMEFRAME 1 Min a return to the upside is expected to go to the next high and break down the median. Please...
Entered $22.5 10/16 calls yesterday, looking for a push to a new ATH
$PRPL might be having high fears and be in danger?
Two companies to watch into earnings - this pairing has the potential to continue running, especially given the state of direct to consumer retail in the era of Covid. Good way to reduce market risk while getting some PRPL exposure.
Technicals: - Double Bottom Fundamentals: PRPL earnings coming up. They have had a very good earnings in the past. They have created 360 jobs in the past month. Take Profit around 26.20 if breakout is confirmed.
Just like SPLK, Possible reversal to 200MA PRPL has a tendency to follow 200MA relatively closely. Could reverse anytime now and drop back to 200MA. It usually reverses with strenght It also overshoots 200MA when on a downtrend. R/R ratio is very high If (when) reversal is confirmed PT1 = 16.92 PT2 = 14.63 PT3 = 12.28 PT4 = 9.75 PT5 = 8.32 PT6 = 7.00 PT7 = 5.97 PT8 = 5.05
Purple says demand accelerated sharply in the first weeks of April 16:26 PRPL Following a temporary slowdown in direct-to-consumer sales in late March after initial shelter-at-home directives were announced, demand accelerated sharply in the first weeks of April. Because the company is vertically integrated with entirely domestic production facilities, Purple was...
Hi! Check this one out! This looks ready to go! Maybe above and beyond this time. Could pullback first to 9-9.10. But this is far from certain so going long now at 9.27!