Wednesday, December 2, 2015

Will Plexus Holdings Go Up From Here?

Plexus Holding shares (LSE:POS) are now showing a measure of bullishness in them, which means they might trend higher from here.

The market was flat in the months of June and July, 2015: The trendless  phase showed that the market had no momentum in it. From August till October, the market plunged. However, the market started making some bullish effort, starting from November till now.

The ADX period 14 is below the level 20, showing a lack of momentum in the market, But the DM+ is above the DM-, meaning that there is a condition favorable to the bull in the market. The MACD (default parameters) has its histogram and signal lines above the zero line, which means that the price could even go up further.

The reality is that our expectations may not always come true, also in case of Plexus Holdings. Apart from the fact that there is currently no momentum in the market, which may rise anytime, there is a Bullish Confirmation Pattern in the market. The market may continue to rise and rise till the supply levels at 220 and 240 are attained, eventually.

This forecast is ended by the quote below:

“Let us face it, you make no money with any other form of management. You make nothing with business management, personal management, money management, or risk management. The money is made or lost with trade management. Trade management is where you need the most self control.” – Joe Ross

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

What Super Traders Don’t Want You To Know: Super Traders

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