Purple Group Analysis
This month PPE has managed to break both Support and Resistance lines that have caged the price since mid December although the support line break can be considered a false break. On the other hand, the 90c resistance was broken in a spectacular 25% rally and peaked at 98c momentarily before coming down to rest at 91c. Resistance has now become support as shareholders will be hoping the 90c mark is not broken again. There were some director dealings as they offloaded some shares in the midst of worrying down trend that was starting to form but the sharp price recovery has extinguished that down trend. For now I am also noticing a particular trend with the price fluctuations but will hold my tongue until the end of this month just to be sure.
For now, price movement still hard to predict.
For now, price movement still hard to predict.
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