PUR - Charts, page-130

My analysis of the Daily Chart.

Yesterday's close provided a very strong reversal candlestick, a long legged doji. This is one of my favourite and most reliable buy signals when formed at the bottom of a downtrend, just like we have here on PUR.

We had a shakeout attempt, bouncing off 2.7c strongly, with buyers coming in and pushing back up to 3.1c and settling at open of 2.9c

Today that reversal is confirmed with the price pushing up to 3.1c; with a nice open at 3c and closing it's own intra-day gap at 2.9c

A strong signal of the bottom added with the Long Legged Doji candle, is the golden cross of what I call the MACD before the MACD.

The MACD is even slower; as you can see it's moving down and slowly turning around to bottom out. When that crosses up we'll see a lot of buyers come in as that is the usual Buy signal, but by then they will be paying close to 4c a share.

The MA/EMA lines are all converging together at the current price point, which is a good indicator of the price settled and ready to move up.

Looking good to push back up to where it was at 4c before all this market sell offs and at $22m market cap with $2.4m cash, things are in a great position for a major re-rate once drilling commence soon.