PLA has such a raft of problems and I was reading the other day about other nearby platinum mines fearing nationalisation!
Technically, just be careful trading this as a break below 29 will be QUITE bad.
I see that many charts have had a sideways movement overall recently ( like PLA), printing flag formations. My fear is that these are continuation patterns forming in the market.... i.e a pause (distribution) before continuing the downtrend. (noting the DOW broke below the 200 day moving average last night and hit the neckline on a massive head and shoulders)
PLA Price at posting:
30.5¢ Sentiment: None Disclosure: Not Held