PPE.JSE Purple Group 3 Year Trend Cloud & FIB Study.

Updated

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 Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.

Note

Purple Group Sees HY Basic Earnings & HEPS Between 0.74 Cents & 0.82 Cents.

Note

HY GROUP BASIC AND HEADLINE EARNINGS PER SHARE INCREASED 192.9% TO 0.78 CENTS PER SHARE.

Note

Last Impulse Move corrected back to the 0.618 Level. This should be Healthy, and could offer an Entry position for those who might want to get in. However I would rather not risk it.

Note

Recent Price Action seems to be Printing a Rounding Bottom.
Last Earnings and ZA GNU, looking healthier for Re-entry.
However remains Speculative IMO.

Note

Correction to the 0.50 FIB Level is seen, and a push to 0.618 has been achieved.
I'm starting to Nibble now.

Note

FIB's for above where Plotted from the R0.46 Low to the R1.00 Recent High.

Note

Also the EMA's and VWAP are now in a Bullish Sequence on the 4 Hour Plot.

Note

Frustratingly going sideways, even after the recent positive market sentiment.
Come on Mr. Purple !!! Make a MOVE.

Note

LOL Seems my little Rant could be working?

Trade active

So, I've tried to contact your marketing Department a few years back to date with a zero reply,.
Even after the email reply said someone from Purple will contact me soon. This never happened.
I had attempted a huge discount for EE users at that time. But now with the Black Friday discount, lets wait,
HOWEVER IS THERE A WAY TO INTEGRATE?

Trade closed: target reached

Mark Barnes Director Purple Buys R427 000 Shares @ R1.10 each.
I trust this is a good sign?

hitchcoxg

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