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Potential Reversal? But still in high risk area with limited reason to create high potential of interest area for buyers to jump in.... Wait for Shark is safer though?
Healthcare themes is on play again, either its only one day show or the engine just started we will see in 2 weeks time. . Trade at your own risk. . Immediate Support at 2.57. Entry around 2.60. TP 2.85
T+4 Selling force is strong Best is to wait around 2.3-2.4
WEEKLY This week Carepls shown a very good reversal bull candle that respects the EMA50 weekly very well. We can also see that the candle actually broke the major downtrend that has been sliding for 4 months The Candle also is being fully supported by the volume candle, expecting carepls to at least run the bull for another week with couple of profit...
Carepls - from previous making loss to Net Cash! (Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
WEEKLY Buy the dip, Careplus is wel supported in the bullish pennant Is careplus still in trent ? ABSOLUTELY Weekly shows that price always rebound within the pennant Ignore daily price fluctuation Trade within the pennant, Price is within the demand zone. Specifically for careplus sector, The trend is still intact, RSI has yet to cross below 50 mark. Which...
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Still showing purple trend (Bear Trend) Price is below EMA25 and EMA50 Oneday Show by glove related stock, both 2days are high volume Avoid to stock which is not in rally trend
I have published my idea on Carepls prediction movements on Nov 24th 2020, and predict the stock price will slowly crawl back to around 4.34 or higher. Carepls ends up with the correction of triple three wave structures of w-x-y-z (refer to the chart), rather than double three w-x-y correction (based on my earlier published idea). This ends the wave B...
Glove counters in Bursa Malaysia have seen the selling pressure since the development of vaccine news. CAREPLS is in much immense pressure since the P/E ratio is at the high side (P/E = 45) as of 18 Nov 2020 compares to the other big counterparts (Topglove, Supermax, Hartalega etc.) We may see the price to go as low as RM1.90, that becomes the long term support...
General market sentiment is bearish towards glove stocks. While it is true there is no momentum on glove stocks recently, Carepls chart has not shown clear sign of bearishness of downward trend yet based on past 3.5 months period. There are no lower high and lower low trends on Carepls price chart yet. To be more specific, Carepls prices are moving in sideway and...
Price approaching green trend line and strong support at 2.60. Stoch already at oversold. MACD to confirm with cross up.
CAREPLUS IS POTENTIALLY BUY ON DEEP WITH GOOD RISK REWARD RATIO. TAYOR!!
Carepls plummeted on Aug and found support at Fibonacci 2.681, made successive breakout on downtrend line 1, however still hesitating on downtrend line 2. Our view on future bullish move is still weak since the price has broke below the uptrend line in red, followed by two consecutive days close below EMA 50. We would change our view to bullish when the price...
I made this just to anticipate the next move for Careplus using very basic trend analysis. Careplus latest QR published on 23rd Oct 2020; Revenue: RM122m (highest revenue so far) Profit After Tax: RM42m (highest profit so far) Market Cap: RM1.7b EPS: RM0.15 Positive Catalyst: Uptrend Covid-19 cases worldwide, short of gloves supply worldwide, secured gloves...