Plandai Biotechnology Inc (PLPL)

[Aston Martin]

Your problem that you do not want to undersatnd that chart technique at tiny pennystocks does no work. Even chart technique needs serious progress of fundamentals to move specualtors to buy and hold for a while. PLPL is a high risk pennystock which did not prove yet to be a scam or not (all pennystocks deliver news - unproved! - and than die 99%) . As long as the value of this otc gamble did not prove seriousity as long any believe in chart technique is a totally blind believe.
However, PLPL will drop back IMO.... slowly but steady ! Believe it or leave it. It isn't an investment, it is a gamble and stock gambles have no rules, no seriousity, no serious investors or no confidence.....and gamblers are unstable players which do not move a chart technique and a technician might believe.
Well, ....who cares
In my opinin PLPL will get back to .10 with either a serious financial report or with serious revenues above $ 500.000 - based on trustworthy informations. And if PLPL does not deliver anything like this before the yearly summer hole starts...the stock might even drop lower!
I might buy some more at 05 to .055 and wait another 6 months for .10 or mabye a bit below for some days.
By the way, I am sure PLPL will delete when the stock prices grows - latest with a new financial report (if evver one comes again) - this will put the chart under pressure again. Sorry, another fundamental rule is: Penny directors ALWAYS make cash whenever they can if the stock looks good and than buy new options for just some pennies gagain....and some little chart player will get caught again by believing blind in chart technique - as always. This is a simply an unpleasant penny law since chart technique on OTC stocks exist.