Purple Group's share price has been consolidating for a few weeks now, and seems to be forming an ascending triangle - higher lows.
Its has also formed a bullish pennant. This is the perfect time to be accumulating before it moves higher.
I expect the stock to break out of the trading range within the next two weeks.
R1.40s - accumulate
1st support line is at R1.35
2nd support line is at R1.28
Even at these lower levels, buyers will step in to accumulate.
This is an opportunity to accumulate before it pushes higher - exactly what i'll be doing.
Its has also formed a bullish pennant. This is the perfect time to be accumulating before it moves higher.
I expect the stock to break out of the trading range within the next two weeks.
R1.40s - accumulate
1st support line is at R1.35
2nd support line is at R1.28
Even at these lower levels, buyers will step in to accumulate.
This is an opportunity to accumulate before it pushes higher - exactly what i'll be doing.