PURP - purple bricks

Support: 255(38.2fib),,215,,,,195(61.8fib),,,,180
Resistance: 351.6

This has moved loads recently and trying to find a good buy back in from current levels is risky as shares that move up fast can also move back down fast as well. Theres not much resistance levels to highlight as this company is fairly new and has no trading history above the resistance of 351.6. The only way to buy back into this company currently is when the share price comes back down to a support level,otherwise you have to wait for more candles to form and maybe look to find a trading range or a pattern to trade off. I would always use stops when trading . Hope this helps a bit.


dl.dropboxusercontent.com/u/4899609/purp3rdmarch2017.png

hi all, looking for some guidance on supports and resistances for this share. Was keen to buy back in Dec when it was around £1, a huge spike since than, but feel it still has legs

cheers
sticagus