PRPL came back on $8.80, therefore it offers the chance to calculate the Fibonacci areas.
The levels explain already a lot but I expect a hard and strong level at $18.50 - this could form a potential new area.
The fall was related to the news on last monday:
"expects earnings and revenue at the low end of prior guidance"
But important is this as well:
The company said it now expects fiscal 2021 full-year revenue and adjusted EBITDA at the low end of guidance ranges it provided in November when it released Q3 results. The company said on Nov. 9 it expected annual revenue of $720 million to $740 million and adjusted EBITDA of $15 million to $25 million.
Overall in the end PRPL is as a buy stock right now, from my point of view.
The levels explain already a lot but I expect a hard and strong level at $18.50 - this could form a potential new area.
The fall was related to the news on last monday:
"expects earnings and revenue at the low end of prior guidance"
But important is this as well:
The company said it now expects fiscal 2021 full-year revenue and adjusted EBITDA at the low end of guidance ranges it provided in November when it released Q3 results. The company said on Nov. 9 it expected annual revenue of $720 million to $740 million and adjusted EBITDA of $15 million to $25 million.
Overall in the end PRPL is as a buy stock right now, from my point of view.