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.
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