Trade based on technical analysis. I see CAREPLS in uptrend. Thank you.
Breakout 0.285 level with volume. Try to get a best price to entry. Cutloss if fall below 0.255 with take profit target of 0.32.
The needs of PPE for pandemic covid-19 is still high. The demands still keep in rising, even the PPE still not enough. Foresee that demand for PPE will contribute a huge bounce, till 0.320-0.325 new resistance. If this resistance is broke, consider continue to take long position.
CAREPLS failed to break the resistance line for 4 days. Potential to break as the selling pressure becoming less. To see what happen next week.
Due to pandemic Covid-19, medical health care and PPE is highly needed today. Forecast Careplus will have a lots of producing new gloves for the front-liners worker. Short term maybe will bounce up to 0.30 up to 0.35 before going back to 0.25-0.20 region , Upper resistance will be the challenge for the trend going up. This is only an analysis, not an investment...
kaunter ini dilihahat hampir mengeluarkan sell signal yang jelas setalah candle 13feb hampir menutup marubozu 28 jan.FYI kenaikan careplus adalah berdasarkan sentiment corona virus yg bersifat sementara
CAREPLS is resistance at T1 with stoploss at S1. Simple momentum strategy to follow the smart money.