Target approaching resistance. Hello dear traders, hoping that all of us in well matter. In my opinion and analysis, the trend is continue to bullish. The demand is still high for this company product. To reach target approx to archive in a few days ahead.
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CAREPLS trade ideas
Resistance has been break. 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.
Forecast CAREPLUS will short term upside in few weeks.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 advise.
Be safe, stay at home, and stay healthy.