Plexus Holdings price: Panic and chaos as POS goes haywire!

PUBLISHED: Oct 17 2022 @ 07:55 | Comments (0) | More info about Azeez Mustapha

Plexus Holdings Plc shares (LSE:POS) have gone haywire, causing chaos and panic as bulls become more hopeless and bears rake in more and more profits. The current bearishness in the market is expected to continue for the next several months.

The ADX period 14 is around level 60, which shows that there is a huge momentum in the market. The DM- is widely above the DM+, meaning that bears are the de-facto rulers here.

The MACD default parameters, have its signal lines and histogram below the zero line. There is a Bearish Confirmation Pattern in the POS chart and anyone who invests in this market will be sliced up.

Within the next several months, the support zones of 1.50, 1.00 and 0.50 would be breached.

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