Purple Group could reach R1.80 by years end or at the very least still stay around the same price range if recent technical patterns are anything to go by.
By at least September we should see another massive price activity and lets hope that activity is not a break in the pattern. If not then there is a good chance the next movement will be to beat the R1.60 mark and there after go for and meet resistance at R 1.80 before a gradual decrease to around R1.70.
If the uptrend pattern does break however, we could see prices drop to R 1.35 as support. A this price could hold well as there is massive shareholder support and people will us this as a good opportunity to load up on more PPE.
Operationally the main focus for Investors should remain company growth, more specifically Easy Equities. But I didn't need to tell you that :-P
By at least September we should see another massive price activity and lets hope that activity is not a break in the pattern. If not then there is a good chance the next movement will be to beat the R1.60 mark and there after go for and meet resistance at R 1.80 before a gradual decrease to around R1.70.
If the uptrend pattern does break however, we could see prices drop to R 1.35 as support. A this price could hold well as there is massive shareholder support and people will us this as a good opportunity to load up on more PPE.
Operationally the main focus for Investors should remain company growth, more specifically Easy Equities. But I didn't need to tell you that :-P