Sep 20, 2015

Careplus Chart: Breakout

Careplus Grup Bhd Stock Code 0163

CAREPLS experienced a flag formation breakout above the RM0.46 level with higher-than-average volumes. The MACD Indicator is trending higher, while the RSI is hovering above 50. Price target will be envisaged around the RM0.51-RM0.535 levels. Support will be anchored around the RM0.44 level.

Careplus Daily Chart (click to enlarge):

careplus anlaysis

by Malacca Securities

The Company are principally an investment holding company whilst their wholly owned subsidiaries are principally involved in the manufacturing processing ann trading of gloves.