Purplegroup — Trading Ideas on TradingView

Breaking: Purple Pepe ($PURPE) Is Gearing Up For Breakout Purple pepe ($PURPE) One of the OG Pepe coins on Solana. Originally created July 2023, the token sat dormant on the blockchain. A year later, liquidity was added and trading went live. The memecoin is now gearing up for a breakout once it breaks the $0.000046 psychological resistant zone, a 60% price surge is feasible with increasing momentum as hinted by the RSI at 54.72. The crypto market is still volatile with CRYPTOCAP:BTC swinging in between the $80,000 - $85,000 support points. The memecoin hype is moderate now, most especially the Solana memecoinomy but the price of CRYPTOCAP:SOL has taken a deja vu lately, surprising the crypto market by reclaiming the $130 pivot point. Should CRYPTOCAP:SOL undergo a bullish continuation pattern, this same momentum might dissipate to the Purple pepe ($PURPE) coin and not only $PURPE coin, but almost all the coins in the Solana ecosystem. However, On a bearish tone, if $PURPE should fail to pull the bullish stunt, there is a possibility of a break below the $0.000035 support point which will negate the bullish thesis previously given as it will resort to massive selling spree. Purple Pepe Price Live Data The live Purple Pepe price today is $0.000041 USD with a 24-hour trading volume of $788,837 USD. Purple Pepe is down 4.21% in the last 24 hours. With a live market cap of $17,071,104 USD. It has a circulating supply of 417,213,801,892 $PURPE coins and a max. supply of 420,690,000,000 $PURPE coins.

Purple going into deep red to 30 cents :(Strong Down Channel continues with Purple Group. There are no breakout patterns and now strong supports until we reach 40c and then 30c. This is a no buying zone, despite how attractive the discounted value is. End of the day, we need to wait for the break above the down channel, before bullishness shows. Other indicators confirm downside momentum 200>21>7 RSI<50 Bearish Target 30 cents ABOUT PURPLE GROUP Purple Group is a South African company that offers financial services through its various divisions. Inception: Purple Group was founded in 1998 as an investment holding company. Headquarters: The company is based in Johannesburg, South Africa. Listed Company: Purple Group is listed on the Johannesburg Stock Exchange (JSE) under the ticker 'PPE'. Divisional Structure: The company operates through a number of divisions, including GT247.com, EasyEquities, and Emperor Asset Management. GT247.com: GT247.com is a division of the Purple Group that offers a platform for trading futures, contracts for difference (CFDs), and other financial instruments. EasyEquities: EasyEquities is a division of Purple Group that allows individuals to buy shares in companies listed on the JSE and other global exchanges. It aims to make share ownership more accessible by allowing for fractional share ownership. Emperor Asset Management: Emperor Asset Management is a division of Purple Group that offers investment and portfolio management services to individual and institutional investors. Recognition: Purple Group has received numerous awards for innovation in financial services. Leadership: Charles Savage is the CEO of Purple Group and has led the company through significant growth and diversification. Fintech Innovation: Purple Group is considered a pioneer in the South African fintech sector.

Purple Group Channel and Rights Offer not working right now There has been a strong downtrend channel with Purple Group. And if we follow the movement the next price target is to 75 cents... No matter what the company does the price continues to drop. It might be because it is a Penny Stock which is never seemed deemed as valuable to shareholders as blue chips. There may be hidden issues within the books, micro and macro economics - which may soon be revealed. And the Rights Offer that took place has lead to the company losing over 450 million. Let's explain what happened... PURPLE GROUP'S RIGHTS OFFER A rights offer, or rights issue, is a method by which a company can raise additional capital from existing shareholders. When a company decides to conduct a rights issue, it offers shareholders the opportunity to purchase additional shares, usually at a discount, in proportion to the number of shares they already own. Purple Group decided to raise money by offering existing shareholders the chance to buy more shares at a lower price than they were trading on the market. This is called a rights issue. When they first announced this plan, the shares were worth R1.29 each. But the new shares were being offered at a cheaper price, 81 cents each. They hoped to raise R105 million this way. In theory, the value of the company (called the market cap) should have gone up by the same amount - from R1.64 billion to R1.74 billion. This is because the company now had more money and the same amount of shares. However, instead of going up, the company's market cap fell to R1.29 billion. This means the value of all Purple Group's shares on the market together was R450 million less than before the rights issue. That's over four times more than they raised. The current share price is R0.90, which is less than the price when they announced the rights issue. So, people who bought the extra shares have lost money. Now, the shareholders are hoping that the company can use the R105 million it raised to increase profits and push up the share price. The CEO of Purple Group, Charles Savage, seems confident, stating that they have achieved a return of over 1,000% on a previous capital raise of R100 million. But only time will tell if they can repeat this success.

Purple Group JSE:PPE just released unaudited results; the stock took a bit of (continuous) hammering. Previously, we anticipated R1.10 as the potential support level, the stock is currently trading at that level. Technically, it's a zone to pay attention to, in anticipation of a breakdown or for buyers to step up and push the price up. This week, it'll be a combination of the results and the charts; may the best man win. No position. What's the stock's intrinsic value, and what price are you willing to pay for the company?

Purple Group looking red to 125c 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, Easy ETFs, GT247 etc..

Purple Group - Bullish pennant - uptrend - Long 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 at R1.35 2nd support line is at R1.28 Even at these lower levels, buyers will step in to accumulate. This is an opportunity to accumulate before it pushes higher - exactly what i'll be doing.

Bullish Flag on Purple Group 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 occurred, but I may be inclined to wait until Monday before entering a long position. If you take the length of the "flagpole" into account the target for this trade should be around 190.