PPE trade ideas
$JSEPPE Flag breakVery 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 LTDPurple 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 stand the test of time.
As Warren Buffet states; " Price is what you pay; value is what you get".
If the head and shoulder formation plays out, I think we will have one last opportunity to buy stock below R1 before the share moves into a new trading range.
My prediction is that we could see below R1 again before the year is up or as early as January 2022. After that we wont see below R1 again and Purple Group will trade in a new range between R1.20 -R2 in 2022.
With that being said,
I'm extremely bullish on this stock and really excited about their long term fundamentals, but why not benefit from now and in-between then - and bank some profits along the way.
PPE - 1D- PURPLE GROUP PULLBACKStochastics 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.
Purple Group Analysis 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 got excited and possibly pilled in, in anticipation o the trading report of the group happening this month. Anticipation of year results drove the share price all the way to R1.20 the last time. This could be a pattern and should not be ignored.
My guess and i hope I'm wrong, is that the price will go back down under R1.00 and hopefully rest at the 95c mark.
Purple Group AnalysisThis 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 shareholders will be hoping the 90c mark is not broken again. There were some director dealings as they offloaded some shares in the midst of worrying down trend that was starting to form but the sharp price recovery has extinguished that down trend. For now I am also noticing a particular trend with the price fluctuations but will hold my tongue until the end of this month just to be sure.
For now, price movement still hard to predict.
$JSEPPE Purple Group. Nice consolidation breakPurple Group broke of of a four month consolidation pattern today. The previous high of 120 looks like a possible target. Warning: Small caps with low liquidity are prone to wild swings at times. Take that into consideration when setting a stop loss. A break back into this consolidation pattern on a daily chart could indicate a consolidation continuation.
Purple Group Purple group broke out the trendline to reach R1.20 where it started loosing momentum(fake out) and prices have been dropping. I think Purple Group might drop to 22c per share until it can start gaining momentum and predictions say it might reach R1.99(R2).
#JSEPPE - Purple Group- After spiking higher after and earnings release last November, price has come back to retest the break zone.
- Currently holding above the 100 day moving average.
- While price stays above 70 i expect the share to keep trending higher.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Purple Group Analysis Purple Group still stuck in its cage and attractively looking more like a share one can trade in its fluctuations and make short term profits. Buying in at 82c and selling at 90c would yield 9.75% returns (before expenses) and selling at 88c would yield around 7.32%( before expenses).
But besides that, we are still on a long hold.
Purple Group Analysis Caged Bird. In the short term Purple Group seems locked between the 80c support and
90c resistance. This is a trend we know all to well with the low volume stock. Excitement has died down since the results were released and I think we can be content that the share hasnt dropped below 80c which is were it was struggling to beat before results. Like stated before, best to wait for next announcement to fully see were we stand.
PPE analysis Purple Group hit the strong 80 c support line which at this point we should all be very familiar with and produced a rebound strong enough to still keep us within the uptrend support line. Ideally we do not want to go below the 80c support as this will effectively put us back to pre results position. I still have a strong long support on Purple Group for long term and these short term fluctuations do not even dent expectations. We do however need pay very close attention on their business growth as this will directly affect their share price rise. A theoretical analysis on their share price movements show that share holders are paying very close attention to market growth and are not easily being swayed by a single years performance results. As a long term investor, the next results published will give a lot of valuable information.
Purple Group Analysis New month, New missions. After peaking at an amazing R1.20, Purple group has fallen back down below The R1 mark and closed the week of at 93c. Looking back from June until now, we see the gradual increase of share price and that large fluctuations are no stranger to this particular stock. So the dip from R1.20 to 93c(-22.5%) shouldn’t be a concern right now. We can start getting worried if we go back below the 80c mark. Not “jump ship now” worried though. At this point Purple Group seems like the sleeping Lion with amazing potential. If they can continue their innovation in terms of easy equities and hopefully manage to be on par with their international competition, the sky is the limit for this stock. For now though, we continue to hold.
Purple Group Analysis In my 14 November analysis I made my first mention of a possibility to reach R1.00 buy end of the month and im glad that analysis came true. Very positive results announced and a good chance we might see another rise in the new week. The next overly ambitious target now is R2.00 :). A more conservative target will be R1.20 - R1.50 hopefully by March 2021and maybe sooner. This wont be easy ofcourse taking into consideration low trade volumes of this particular stock.
Purple Group Analysis Sooner than we expected, Purple group peaked at R 1.00 for a brief moment before coming back down to rest at 89c. Probably a good sign of things to come when or after results are released this coming Friday. 80c still a very strong support and the share price seems comfortable above this support line. Right now not much more say but lets wait for earnings report.
A nice symmetrical about to breakThis guys squeezed themselves so hard that we looking for a breakout anytime soon!! which ever side they break we go with them
Purple Group Analysis Resistance has become support. After struggling for a while to go beyond 80 c, Purple finally managed to peak at 92c before coming back down and rebounding at 80c. Its still to soon to tell if it will remain above this or dip back down below 80c.
Results are being announced soon and if all goes well as im sure most of us are expecting it to, we could very well hit 100c before year end, possibly even before month end. Again this will depend on the results. Chances are people started buying in on the stock in anticipation of results. If this is true than positive results should bring similar effects especially from people missing the train.
If share price hits 80c or below before results are announced, this could be a good opportunity to buy in and hold until then.
Purple Group analysis As stated in my previous analysis, either the resistance or the uptrend support would have to fall by the 1st of November and in this case I think we can conclude that the uptrend support has now been made redundant and the 80c resistance remains in force over the share price. Reaching a max price of 78c this past week, i think that stability can be commended. The journey to R1.00 continues. For now we can expect to remain in this price territory and hope we dont start seeing lower lows in share price movements.
Purple Group analysis By November 3rd we should know the fate of Purple group share price as thats when the triangle will be broken and at least one of the lines has to be broken. In this case its either the resistance or the uptrend support line. Both being respected very well at this point.
Being consistent at the 78c to 80c a share, this is a decent buy at this point to hold long term. Expansion plans of its subsidiary Easy Equities looks extremely enticing and something to bet on. In the coming week im expecting to share price to remain consistent while experiencing higher lows and hopefully breaking resistance early before November 3rd.
Purple GroupThe stock had tested the lows of R10 of which is a very strong support level that held from 2009. The multiple bottom hits the stock created gives full confidence now that R40(resistance) is broken to the upside. There are other good fundamental factors that gives us an edge of good reasoning to why is the stock seeing positive gains( do your research on the company)
