AfroTez

Purple Group analysis

Long
JSE:PPE   PURPLE GROUP LTD
By November 3rd we should know the fate of Purple group share price as thats when the triangle will be broken and at least one of the lines has to be broken. In this case its either the resistance or the uptrend support line. Both being respected very well at this point.
Being consistent at the 78c to 80c a share, this is a decent buy at this point to hold long term. Expansion plans of its subsidiary Easy Equities looks extremely enticing and something to bet on. In the coming week im expecting to share price to remain consistent while experiencing higher lows and hopefully breaking resistance early before November 3rd.

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