PLA 0.00% 6.7¢ platinum australia limited

PLA has such a raft of problems and I was reading the other day...

  1. 1,792 Posts.
    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)
 
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Currently unlisted public company.

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