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Purple

Purple Innovation | PRPL | Long at $0.93Purple Innovation / Mattress NASDAQ:PRPL is facing a Nasdaq delisting if it can't stay above $1 by early 2025. However, a positive move up (from a technical analysis perspective) may be brewing. My historical simple moving average lines are approaching the price, which more often than not means a future price jump. But the question is, will it occur before the scheduled delisting? Google Trends shows the largest spike in the search for "Purple Mattress" occurred between June to December 2024. The CEO of NASDAQ:PRPL bought $203k worth of shares around this initial spike. The company is not expected to be profitable for some time, but I am more interested in the short-term move here vs the strength of the company, long-term. So, while this is a "risky" play, especially with the approaching Nasdaq delisting, it's interesting from a technical analysis end. At $0.93, NASDAQ:PRPL is in a personal buy zone through January 2025. Target #1 = $1.14 Target #2 = $1.30 Target #3 = $1.50 Target #4 = $1.63
NASDAQ:PRPLLong
by WorthlessViews
PURPLE (PRPL) may be in the process of reversal.PURPLE, yes the mattress company, has bee getting hammered for a while now. Their stock price was mile higher than it is now, but it looks like the bottom may just be in. And, it's gone down so much, compared to what it used to be, that the risk involved in investing, or trading it has decreased as well. Keep in mind that this company is extremely subject to interest rates, and interest hikes/cuts. This would probably be a good play for some mid to longer term options plays. Just make sure there's open interest in the strike if you do buy one, as liquidity is key to options trading. Good luck, and always use a stop.
NASDAQ:PRPLLong
by MetaShackle
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.
JSE:PPEShort
by Timonrosso
TARGET REACHED R1.25 Purple Group and now new analysisTarget reached and hit our target at R1.25 Rectangle box showed to be bearish and the price dropped hot and quickly. We now can have some sideways jumpiness which should form the next formation. We will wait for the structure before the next post. ABOUT: Purple Group is a financial services company listed on the “Financials – General Financial” sector of the JSE. It has subsidiaries that operate in trading, investing and asset management.
JSE:PPEShort
by Timonrosso
Illustrated strategy mixSpotted this on silver monthly yesterday, and illustrated how triple threat plays off structure breaks. But these same set ups are found down on most smaller time frames. especially with 5-15 min delorians. So when your delo, or purple zone trade smashes a TP, tripple threat will get you back in at the retest of your TP/structure break when your in a trending market. Applicable on all instruments. Of course: Fundamentals drive the direction of a market and risk management discipline is the only way to grow an account long term.
FOREXCOM:XAGUSDEducation
by spirochill
1
Are investors as patient as Neil Woodford?Would star fund manager Neil Woodford sell his house through Purplebricks, the online estate agency? Probably — for two reasons. He could save up to £18,000 by paying Purplebricks’ £849 flat fee instead of conventional agents’ 1.3 per cent commission, assuming his Tetbury home commanded the sort of price his neighbours’ have of late. And he holds a ~20 per cent stake in the company via his funds, so clients would expect him to put their money where his house is. Purplebricks has the advantage over online and traditional rivals because of its “investment risk tolerance” - a vast budget and, even more importantly, a willingness to invest tens of millions of pounds year after year in a bid to build market share. With the property market market in a bit of a state across many regions of the world Purplebricks must hope home sellers and investors are as patient as Neil Woodford.
PLong
by warrenhochfeld
PIVX/BTC: New 300k Bull Run Support 7/77/343Overview: Using the setup and analysis (detailed below) we are projecting a continued bullrun with support towards 300k sats, with a new trading channel between 130k sats and 170k sats (the .618 and .382 Fib). The 7hr average is currently on an explosive upwards trend as it has punched past the downwards (orange line) BTC compression and the 77/343 averages, with increased trading volumes assiting the rise. CURRENT SETUP & EXPLINATION OF SIMPLIFIED CHART I use a 7/77/343 hour of trends (7-white, 77- purple, 343 - white cloud). Snapshots for Setup: 1) 7/77/343 Intersections First intersection: 4/22/2017 172k sats -0.25% Second intersection: 7/28/2017 75k sats -0.25% Third intersection: 10/8/2017 75k sats -0.25% 2) Line Setups - Upwards Trends (green lines): Using the intersections from above, plotting the first upwards trendline (from 1st intersection to the peak ATH), duplicating these lines through the other two intersections - Downwards BTC compression (Orange line). From the top of the ATH down through last crossing of 7/343/7. 3) FIB setup and support - From first junction to ATH, we see that PIVX rose to around 170ks (1), then corrected to .786, before fnally settling into a trading channel between .618 and .382 (green lines). Support for this period was consistent at the .236 (blue bottom line). We drew a blue dotted horizontal line to demark the prior ATH, and a red dotted line at the top (1.618) line. This is (interestingly) come into play in a few more snapshots :) 4) Intersection Trendlines (Purple) - Using the prior ATH and tracing a downwards line from this peak through the next intesection of 7/77/343 (Purple line, and then duplicating this line placing the same slope through the NEXT 7/77/343 intersection, we can (interestingly) see this intersects...almost exactly at the 1.618 fib line from above and the upwards green trend line from the nexus seperation. Highlighted with circle. Also notice the second upwards green line intersects this upwards purple line and prior ATH. This indicates a potential level of resistance, but if passed, will indicate a level of future support. 5) New ATH and trading channel - Fib from current position to the top (prior 1.618 line), we see a new ATH around 275-300k sats, with a new .618 line close to the prior ATH of 170k sats, a new trading channel between the .618 and .382 at 170k sats and 130k sats, and a new baseline .236 support around 90k-100k sats
Long
by SnappySnap
4