Hey PURists!My "TI" indicator has increased by 1. "TI" = 8. My...

Hey PURists!

My "TI" indicator has increased by 1. "TI" = 8. My "TI" is getting more bullish by the day.

Out of interest, I googled the term speculator, here is Investopedia's definition:
"Speculators are sophisticated investors or traders who purchase assets for short periods of time and employ strategies in order to profit from their position."

Fancy having a speculator who doesn't have any PUR stock! Must be an unsophisticated investor / trader who "analyses" at a moronic level. Therefore, I'm fine tuning my "TI" calculations by modifying the value entered by a factor of 2 (which I'm calling, "the Moronic Modifying Factor", ie "MMF").

So today's TI = Previous TI (7) + 1 x MMF (2) = 9

There has been a lot of discussion of the regional geology with supported evidence that PUR's tenements have a high probability of mineral discovery because of "nearology" and historical exploration drilling. Mineral bearing geology doesn't stop at tenement boundaries.

So let's look at PUR's chart for the next projected High:

PUR's 52 wk H = 9.7c & 52 wk L = 0.4c giving a range of 9.3c
Multiply 9.3c range by the Fibonacci Extension ratio of 1.272 we get 11.83c
Add this extension to the significant Low of 4c (May 13th) we get 15.83c

Taking another approach:
The retracement from the 52 wk High (9.7c) to the significant Low (4c) on May 13th give us 5.7c
Add this retracement to the 52 wk High (9.7c) we get a target of 15.4c

So let's say the next projected ATH is 15.5c

I expect the next upward leg to hit the Resistance Band of 9.3c /9.7c and retrace to the Resistance / Support Band of 7.0c /7.3c and closing the Gap (between 7.3c & 7.1c) before resuming the uptrend to break through the Resistance Band of 9.3c /9.7c to reach the next projected ATH of 15.5c