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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