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Author: Deep   |   Latest post: Sat, 26 Sep 2020, 1:07 AM

 

CAREPLS (0163) - Glove ?

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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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Labels: CAREPLS

Related Stocks

Chart Stock Name Last Change Volume 
CAREPLS 3.05 -0.13 (4.09%) 36,498,200 

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