excellent platium price action the last day or so!
market is still scared, and i guess rightly so with the indiscriminate selling especially tuesday....
support of $2.25 was breached earlier this week, and looking at this 2 weeks ago, when we were $2.70, $2.20 seemed a mile away. 200dma has been breached, and we bounced back up through it. PLA seems to love testing the 200dma periodically.
of course PLA could go lower but IMHO $2.20 is value. the inevitable re-rating as PLA actually produces will come.... and will reward those who have been patient :)
PLA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
