PURE Bioscience (PURE) is a company that makes disinfectants from Silver. They sell their products to prisons, food companies, hospitals etc. With the constant discovery of coronavirus variants, and PURE rolling out new sales tactics in the first quarter of next year, it is time to buy PURE. It is right around its all time low of $.20 and formerly had a high of...
After doing some chart analysis on PURE Bioscience, I’ve come to the conclusion that a break out is imminent.
From looking at the monthly timeframe, you can see that price was riding the 50 moving average from January the 4th 2016, until the end of April 2020. In the following 2 months after April, the price went from $0.60 to $2. With this momentum, the...
PURE Bioscience, Inc. engages in the discovery, development, and commercialization of proprietary antimicrobial products for pathogen and hygienic control. It offers silver dihydrogen citrate-based disinfecting and sanitizing products. The company was founded by Michael L. Krall on August 24, 1992 and is headquartered in Rancho Cucamonga, CA.
As you can see in the chart I create 420 Period Fibonacci VWMA bands that are colored from 0 - 1.618 Fibonacci and when price action is performing normally you see those lines becoming support and resistance on and around them. The 2 lines you see traced are the special sauce which are ratios of the Fibonacci levels (secret sauce ;) ) Notice where I placed the...
