CAREPLS (0163) The Story behind the Chart of CAREPLUS GROUP BHD
Since TopGlov is rallying so are some other glove counters. Carepls is one of them. Eventhough most Gloves counters follow TopGlov but each of their own have their own personality as well.
Notice how before prices starts to rebound higher, there was a Hidden Collection Triangle hiding in plain sight. Notice how there were multiple strong green candles inside the the Triangle, indicating heavy collection.
For now, prices are approaching the 1st Level Fibonacci Resistance, which has been tested once previously. Prices should some sort of selling pressure at that area. However, if prices are strong enough to break that level we may see a start or a new uptrend.
Time to observe.
Industry: Healthcare Equipment & Services.
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