Just like SPLK, Possible reversal to 200MA
PRPL has a tendency to follow 200MA relatively closely.
Could reverse anytime now and drop back to 200MA.
It usually reverses with strenght
It also overshoots 200MA when on a downtrend.
R/R ratio is very high
If (when) reversal is confirmed
PT1 = 16.92
PT2 = 14.63
PT3 = 12.28
PT4 = 9.75
PT5 = 8.32
PT6 = 7.00
PT7 = 5.97
PT8 = 5.05
PRPL has a tendency to follow 200MA relatively closely.
Could reverse anytime now and drop back to 200MA.
It usually reverses with strenght
It also overshoots 200MA when on a downtrend.
R/R ratio is very high
If (when) reversal is confirmed
PT1 = 16.92
PT2 = 14.63
PT3 = 12.28
PT4 = 9.75
PT5 = 8.32
PT6 = 7.00
PT7 = 5.97
PT8 = 5.05
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.