Stock analysis Platinum Industries Ltd PLATIND
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Technical analysis forecast of Platinum Industries Ltd Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Platinum Industries Ltd PLATIND at this time. Stock is rising and might rise more.
It appears as if Platinum Industries Ltd PLATIND gave a large move recently.
Stock of Platinum Industries Ltd (PLATIND) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!
My analysis of Platinum Industries Ltd is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Platinum Industries Ltd stays above 216.6, but if it comes below 216.6, then a intra day sell could be more profitable.
If you take a sell trade below 216.6, then use 216.6 as stoploss and 202.27 as target. However if you take a buy trade in Platinum Industries Ltd, then use 216.6 as stoploss and 233.8 as target.
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