Plexus Holdings remains an ugly market

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Plexus Holdings shares (LSE:POS) are an ugly market, and it is better to stay away from it until there is a clear directional signal.

The market trended downwards until March 2017, and since then, it has been caught in a very frustrating equilibrium phase, which has continued until now.

The EMA 21 has become flat since March, denoting the trendlessness of the market. The Williams’ % Range period 20 has been generating false buy and sell signals, as it gallivants between the overbought and oversold regions.

As it is said earlier, it would be OK to stay away from this market until price goes above the resistance line at 80.00, staying above it; Or until price goes below the support line at 50.00 staying below it.

 

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