The company Plexus has an important growth potential and is supported by technical levels.

The company characterizes by great growth and strong profitability. Upward revisions have been made on EPS and earnings in a two-year horizon giving argument for an upward movement of the stock. Moreover, valuation levels are still low with an "EV/Sales" ratio at 0.55x.

Recently, the evolution of the equity brought prices close to the short-term support at USD 37.8 which acts as a protection wall from the downtrend. This area and a bullish trendline are expected to annihilate bearish possibilities. Technical indicators allow aiming at USD 41.9, and later the medium-term resistance at USD 44.6.

Therefore, a buyer position could be taken over the short-term support at USD 39.1. The main target will be set at USD 44.6 with a mean objective at USD 41.92. The stop-loss could be triggered once the support broke.