Plexure Group Limited (PLX.NZX)

31 October 2018




Technical Summary: For the most part the last 5 years has been pretty disappointing for shareholders of PLX. The stock has generally found its way to new lows. However over the last year or so the stock has been consolidating between around $0.10 and $0.20 per share. Earlier in the week the stock had a strong earnings update that included 51% revenue growth and strong free cash flow. This caused the stock to jump over 20% to close at $0.20 per share. The question now is whether this momentum can be sustained both on a technical and fundamental basis. Traders should watch out for a lack of liquidity.

Will the interesting fundamental news on PLX translate on the technicals

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