PURPLE INNOVATION Stock Chart Fibonacci Analysis 050823Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 2.86/61.80%
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−1.33USD
−89.689MUSD
575.692MUSD
105.323M
About Purple Innovation, Inc.
Sector
Industry
CEO
Robert T. DeMartini
Website
Headquarters
Lehi
Employees
1.6K
Founded
1989
ISIN
US74640Y1064
Purple Innovation, Inc. engages in the design and manufacture of comfort technology products. It offers mattresses, bed pillows, seat cushions, mattress protector, and bamboo sheets. The company was founded by Terry V. Pearce and Tony Marion Pearce in 1989 and is headquartered in Lehi, Utah.
PRPL PRPL Long🚀📊
It is not financial advice. This is my opinion. Please check yourselves and invest in the symbols that you think have a huge potential to reach the best results.
Please leave us your opinion and reviews.🙏
PRPL found his bottomPRPL came back on $8.80, therefore it offers the chance to calculate the Fibonacci areas.
The levels explain already a lot but I expect a hard and strong level at $18.50 - this could form a potential new area.
The fall was related to the news on last monday:
"expects earnings and revenue at the low
Look for bounce in PRPLI have this one on my calendar today from back on the 6th for this month. I don't really follow it, but it has made a new low and I'm thinking this could be a tradable bounce. I do anticipate a bounce starting this afternoon in indexes as well from around 4224 on /ES.
I'm looking for around $26.34 i
PRPLPRPL Long🚀📊
It is not financial advice. This is my opinion. Please check yourselves and invest in the symbols that you think have a huge potential to reach the best results.
please leave us your opinion and reviews.🙏
Good Luck 👍
$PRPL Breakout$PRPL appears to be breaking out of recent channel on the daily chart. Anchored VWAP from swing high on Jan-25-2021 is $31.31, 50-day MA is $30.42.
Short term price target is reclaiming 50-day MA and then anchored VWAP.
ADDED to $PRPL new Target 34.35 for 21.68% $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.
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On the far right of the chart is my Average (Grey) Current Target (Gre
$PRPL Outperformed in their most recent Q1 earnings. Great setup$PRPL Outperformed in their most recent Q1 earnings. Great technical setup, Once we break over this resistance, we also break over the 200 EMA which should give a lot more confidence to potential investors and volume should start an uptrend. Under analysts PT
$PRPL / Purple Innovation H&Swill it break down vs. momo? are my charts completely invalid? idk I guess we will see
NEW POSITION $PRPL Target 36.95 for 20.12% $PRPL Target 36.95 for 20.12%
Or next add level is at 24.57
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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 possi
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