Careplus (0163) - where is it heading now after the Coronavirus effect?

Careplus is another rubber counter that has received huge interest from traders due to the coronavirus effect.

Ticker: KLSE: CAREPLS (0163)

This stock has been on a downtrend July 2017.

The sudden spike of the share price is because of the sudden volume surge.







Heikin Ashi Candlestick Chart - 5 min Chart

After 27 Jan, the share price is still holding up.

However, volume is slowly decreasing.








Momentum Flat - RSI & MACD

We can see that the RSI and MACD is quite flat.

Not much movement.

Expect with some catalyst, the stock can either go up or go down.

With this uncertainty, suggest to take profit to lock down the gain.





For more info about other rubber and gloves counter latest analysis from the coronavirus impact, please check out the below. All analysis is fresh from this week price action trend.

>>> Top Glove

>>> Kossan

>> Supermax

>> Hartalega


Check out here for the Wuhan Coronavirus details >> Wuhan Coronavirus


#coronavirus #wuhan #china #glove #bursamalaysia #topglove #kossan #supermax


Reference
https://malaysiainvestment88.blogspot.com/2020/01/supermax-share-is-on-fire-due-to.html
https://malaysiainvestment88.blogspot.com/2020/01/hartalega-5168-drops-272-today-time-to.html
https://malaysiainvestment88.blogspot.com/2020/01/kossan-jumps-because-of-coronavirus-buy.html
https://malaysiainvestment88.blogspot.com/2020/01/top-glove-jumps-because-of-coronavirus.html



Happy Investing! 😉

Subscribe to get a free Ebook from us: