Plexus Holdings Price: POS Surges Higher, Breaking Variant Resistances

PUBLISHED: Sep 22 2023 @ 23:03 | Comments (0) | More info about Azeez Mustapha

In the light of activities that produced a sudden upward gapping situation in the Plexus Holdings Plc stock company (LSE:POS), the market has surged higher, breaking through variant resistances.

Despite the oscillating trade tool’s overbought reading prognosis being given over time, the market’s consolidation of bulls has been shifting in favor of bulls over bears. Buyers are about to break over the logical resistance of 20, which might then propel them to another significant higher point of about 25.

Resistance Levels: 22.50, 25, 27.50
Support Levels: 15, 12.50, 10

Has the price of POS Plc shares retreated from its recent increases around the 20-point mark?
There has been no reversal movement to indicate that motion to the upside has been getting weakened due to the fact that the smaller moving average has not been crossed southward, given that POS Plc shares surged higher, breaking variant resistances.

The stochastic oscillators have been consolidating in the overbought region, showcasing that buyers are still holding firmly to their stances. However, investors should be wary of pushing around the point of 20 because a retracement can occur in no time. The 15-day EMA indicator has continued to trend above the 50-day EMA indicator, and they are both pointing to the north side.

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