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