AfroTez

Purple Group Analysis

Long
JSE:PPE   PURPLE GROUP LTD
In my 14 November analysis I made my first mention of a possibility to reach R1.00 buy end of the month and im glad that analysis came true. Very positive results announced and a good chance we might see another rise in the new week. The next overly ambitious target now is R2.00 :). A more conservative target will be R1.20 - R1.50 hopefully by March 2021and maybe sooner. This wont be easy ofcourse taking into consideration low trade volumes of this particular stock.

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