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PURE BiosciencePURE BiosciencePURE Bioscience

PURE Bioscience

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PURE trade ideas

Time to buy PURE PURE Bioscience (PURE) is a company that makes disinfectants from Silver. They sell their products to prisons, food companies, hospitals etc. With the constant discovery of coronavirus variants, and PURE rolling out new sales tactics in the first quarter of next year, it is time to buy PURE. It is right around its all time low of $.20 and formerly had a high of $70. RSI shows oversold condition and history shows that price tends to move north from here. If it goes to $4.00 it will hit NASDAQ and potentially skyrocket.
OTC:PURELong
by Crossmethod23
PURE Bioscience BUYAfter doing some chart analysis on PURE Bioscience, I’ve come to the conclusion that a break out is imminent. From looking at the monthly timeframe, you can see that price was riding the 50 moving average from January the 4th 2016, until the end of April 2020. In the following 2 months after April, the price went from $0.60 to $2. With this momentum, the resistance of $1.68 was broken to make a new high. After the new high was made, my guess is, people who had been holding the stock for a substantial amount of time decided to sell. Since price had a clear break of the 50 MA, I would’ve used that as confirmations of a buy bias when price retested the MA. To add to my buy bias, the 100 MA joined the 50 when price dropped. Usually when 2 or more moving averages are tight together, it indicates a sudden movement is around the corner. It’s like winding up a toy car. When the breakout does occur, the area of $8.68, where the 200 MA is, will be most people’s target. A sell off will most likely happen at the price point. But personally, I think with the low float, price could push all the way up to the $16 resistance. Which happens to be the 23.6% fib area on the monthly timeframe. Today price moved 1.23% with only 50,883 shares traded. This shows me that not a lot of volume is needed to move this stock, but if enough volume comes in, we could be looking at BioNano 2.0 in respect to movement in price.
OTC:PURELong
by Charles-OW
How I scan for BIG winners using Fibonacci RatiosAs you can see in the chart I create 420 Period Fibonacci VWMA bands that are colored from 0 - 1.618 Fibonacci and when price action is performing normally you see those lines becoming support and resistance on and around them. The 2 lines you see traced are the special sauce which are ratios of the Fibonacci levels (secret sauce ;) ) Notice where I placed the yellow vertical line, it is right when these 2 lines marry up and before they turn from yellow to red and from green to yellow. When that happens I take my first position. What does this all mean? It means the price has compressed to a point that to go any lower the holders would have to severely capitulate and give up. I run it on 15 minute intervals mainly for scalping but also larger intervals to get in on the near bottom of long term price action Enjoy! Maybe. All Comments, Observations and Smart Remarks welcomed. If you get Butthurt by a comment I make I can assure you that it was quite intentional and to line up and receive a BurtHurt Report form found here www.pdffiller.com and submit it to appropriate authorities. If you make decisions based on someone else's ideas without using your own intelligence you get what you get, someone else's idea results
OTC:PURE
by BoneFunkenstein