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...
There has been a strong downtrend channel with Purple Group.
And if we follow the movement the next price target is to 75 cents...
No matter what the company does the price continues to drop.
It might be because it is a Penny Stock which is never seemed deemed as valuable to shareholders as blue chips.
There may be hidden issues within the books, micro and...
they was a huge order block that still not executed at the R2 level that is why price had to go down to collect those orders PPE will resume its bullish upside move
