Resistance has become support. After struggling for a while to go beyond 80 c, Purple finally managed to peak at 92c before coming back down and rebounding at 80c. Its still to soon to tell if it will remain above this or dip back down below 80c.
Results are being announced soon and if all goes well as im sure most of us are expecting it to, we could very well hit 100c before year end, possibly even before month end. Again this will depend on the results. Chances are people started buying in on the stock in anticipation of results. If this is true than positive results should bring similar effects especially from people missing the train.
If share price hits 80c or below before results are announced, this could be a good opportunity to buy in and hold until then.
Results are being announced soon and if all goes well as im sure most of us are expecting it to, we could very well hit 100c before year end, possibly even before month end. Again this will depend on the results. Chances are people started buying in on the stock in anticipation of results. If this is true than positive results should bring similar effects especially from people missing the train.
If share price hits 80c or below before results are announced, this could be a good opportunity to buy in and hold until then.