The Careplus Group is principally involved in the manufacturing and sales of latex and nitrile gloves.
The Group markets its gloves under its own “Rubbercare®” and “Nitrilecare®” brand names.
- Latex examination gloves
- Nitrile examination gloves
CAREPLS has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 1.18 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout. However, please take note on the higher risk that everyone is chasing up the glove and healthcare stocks. Becareful.
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https://klse.i3investor.com/blogs/bursatrade/2020-05-29-story-h1507919134-CAREPLS_0163_Glove.jsp
