Plexus Holdings Price: POS Is Placed Below Depression, Finding a Base

PUBLISHED: Jan 18 2024 @ 11:44 | Comments (0) | More info about Azeez Mustapha

The Plexus Holdings Plc stock market (LSE:POS) has been closely observed to have been placed under a depression force setting, finding a base around a point of 15.

Mental observation has shown that the 12.50 mark represents the underlying support for the value of 15. Bears may, however, consolidate through lower lines of 11.50 and 10.50 before tending to regain the momentum to build up all back in the aftermath operations if that line is unable to withstand any eventual decline that may surface further beyond those points.

Resistance Levels: 20, 22.50, 25
Support Levels: 12.50, 11.50, 10.50

As there is a downward intersection between the EMAs of the POS Plc market, should selling operations proceed going forward?
The southward cross of the moving averages appears not to create so many aggressive forces to plunge the ability of bears sustainably below the indicators, given that the Plexus Holdings Plc price is placed underneath depression, finding a base.

Since the stochastic oscillators are in a drop-moving mode, it is likely that they will continue to move through lower spots for some time. To the south, the 50-day EMA trend line has been crossed by the 15-day EMA trend line. Moreover, they are not far above the present market line. Given the current situation, bulls might have to wait before launching a back-buying order.

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