PRPL look out belowThis idea I must credit to my word generator. I do dowsing & intuitive "woowoo" readings on stocks and markets. I'm sometimes guided to penny stocks, so decided to share this one.
This name seems to be in trouble.
It may have a little bounce here off the 50 on a daily, but I get that there will be some corporate action that will hammer it, or, perhaps it's another kind of news event. My target is $.47. As in, 47 cents.
There is a date comes in around 5/13 and that is a possible low.
Of course, this could all be wrong, or partially correct and the target is wrong, but I can tell you the energy is bearish. I'll definitely keep an eye on it around the 5/13 and see if the energy is different.
