Yet another glove stock sitting on the resistanceWhat's with glove stocks this week? CAREPLS is yet another one sitting on the resistance line.
CAREPLS trade ideas
Carepls: 2nd tier glove stock to follow tightly Big Bro TGMokubozu candle twice after a short downtrend
Breaking up the downtrend line
Big volume in
Tp 3.88 short term
CAREPLS POTENTIALS !The big 2 dragons, Supermax and Topglov will open the way for tier 2-3 glove counters
careplus with a very strong break on the trendline support, We're seeking a doji candle today as the market look forward on the TopGlove's QR on the 17th
Huge potential to go long with !
As long as the candles stay above the support trend lines and we're good to go ! To the moon Carepls !
CAREPLS - Back to Top Again?CAREPLS
Rst: 3.53
Spp: 2.88
Another strong candle penetrated above Fibo Ext 100% but upside likely be limited by level close to middle BB to 161.8% at 3.53.
CAREPLS - what number are we expecting?An attempt for 2W forecast, assuming nothing funny happen in between.
The best price we have witnessed so far is 5.83, and our recent close is 2.51.
Considering weekly ATR at 0.70, should we expect 3.20 for next Friday, and then 3.90 for the next. Thats for the whole 2 weeks.
5.83 or better again? Might not be so soon.
Anyway we are still battling Covid19 and the demand for gloves is still increasing (check recent interview with TopGlove boss, they are expecting solid return until end 2021 at minimum).
A lot of companies now jump in to gloves business because they know there is potential for better gain.
Carepls 28/8/2020If the support of around RM3.3 still holds strong, likely will have a flag breakout
CAREPLS - Mission V Shape Call Off?#CAREPLS
Rst: 4
Spp: 3.53
Careful for those riding smaller glove counterparts, significant weakness observable even the selling pressure is low, if coming candle progresses to violate middle BB, that's gonna be very bad.
Carepls : Time to rebound?Carepls might have found support at 3.03 and start rebound.
Divergence appear (dotted lines)
EP and TP as per chart
CAREPLS - Shaven Head Today,Potential Extension to -27.2%, 61.8%Green Arrow (Transparency = 0) = Representing Opportunity
Red Arrow (Transparency = 0) = Representing Risk
Green Arrow (Transparency = 30%) = Representing Alternate View for Opportunity, or less probable outcomes
Red Arrow (Transparency = 30%) = Representing Alternate View for Risk, or less probable outcomes
NO BUY CALLS OR INVESTMENT ADVISED ARE PROVIDED
DISCLAIMER: This analysis is for educational and informational purposes only. It is based on my personal view in the market from a technical standpoint. None of information posted in this page can be used as investment decisions except for educational purpose only. Do not trade solely on the information posted in this page. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
PENAFIAN: Analysis ini hanyalah untuk tujuan pembelajaran & pendidikan sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
CAREPLUS 4/8/20CAREPLUS meneruskan kenaikan pada hari keempat dgn jumlah vol yg agak besar.bagaimanapun sedikit penurunan dpt dilihat yg di akibatkan oleh tekanan jualan.
CHART INI HANYALAH UTK KAJIAN DAN BUKAN BUYCALL SILA JAGA TRADING PLAN TUAN/PUAN.
CAREPLS 3/8/20CAREPLS sekali lagi membuat kejutan dengan mencapai harga ATH.Kepada pedagang yg belum entry dinasihatkan berhati2 sebelum entry dan tggu pullback.
CAREPLS - Until Today You Still Think Gloves Will Collapse?#CAREPLS
Rst: 3.54
Spp: 3
Overall positive and reaching Fibo Extension 161.8% is possible with the support of pure bullish RSI and MACD.
CAREPLS - How Far Can It Goes?#CAREPLS
Rst: 3.54
Spp: 2.88
Doji candlestick, even it rose above upper BB with surging indicators, but I think the surge has spoiled the healthy formation of the stock, require to back-test level at 2.88, if can sustain here, will continue its upward swing.
CAREPLS - POC as Hidden Support for Short Term BullishOpportunity and Risk
DISCLAIMER: This technical analysis is for educational and informational purposes only. It is based on my personal view of the market from a technical standpoint. None of information posted in this page can be used as investment decisions except for educational purpose only. Do not trade solely on the information posted in this page. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
PENAFIAN: Analisis Teknikal ini hanyalah untuk tujuan pembelajaran & pendidikan sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
CAREPLS - Secondary Compressive Moves Prior A Long Position DISCLAIMER: This analysis is for educational and informational purposes only. It is a video to share my knowledge and personal experience in technical trading. None of information posted in this video can be used as investment decisions except for educational purpose only. Do not trade solely on the information posted in this video. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidances if you plan to invest your capital seriously.
PENAFIAN: Analisis ini hanyalah untuk tujuan pembelajaran & pendidikan sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
