PURPLE, yes the mattress company, has bee getting hammered for a while now. Their stock price was mile higher than it is now, but it looks like the bottom may just be in. And, it's gone down so much, compared to what it used to be, that the risk involved in investing, or trading it has decreased as well. Keep in mind that this company is extremely subject to...
$PRPL Target 34.35 for 21.68% Or double position at 22.11 Added here last night but again couldn't publish because of my 10 daily publish limit... haha... sorry, y'all... It came up a little but still a good spot to add. — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my...
$PRPL Target 36.95 for 20.12% Or next add level is at 24.57 — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first...
PRPL - designs and manufactures products which include mattresses and pillows. Asc triangle breakout on daily chart with decent volume. The options chain for Jan 2021 showed 5800 contracts of $35 call traded on Dec 24th, 5300 $35 calls in OI. Will follow up Monday to see change in OI. Hope you had a Great Christmas !
Having crossed above the cloud top today, conditions are satisfied to enter LONG for an expected pop of at least ~4%. This would be just a modest retrace toward today's high so probability is good. We can also see that a successful entry was recently called out by the indicator which boosts confidence. This strategy is based on capturing the quick pop in the day...
How can I use Exponential Moving Averages (EMA) to trade Pullbacks? Trading pullbacks with EMA can be done profitably as long as we use a long-term exponential moving average. And, without a doubt, the 200-day EMA is probably the most powerful moving average that a trader can use. For a valid EMA pullback setup we need two things to happen: First, a break of the...
Technicals: - Double Bottom Fundamentals: PRPL earnings coming up. They have had a very good earnings in the past. They have created 360 jobs in the past month. Take Profit around 26.20 if breakout is confirmed.