Careplus Group is inching higher and may soon test the RM0.315 resistance level again. The momentum indicator RSI is trending higher and coupled with high trading volume, we foresee that there could be a technical breakout. If this happens, expect it to move towards the short-term target prices of RM0.34 and RM0.38. In this case, the downside support is anticipated at RM0.27, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.315

Target: RM0.34, RM0.38 (time frame: 3-6 weeks)

Exit: RM0.27

Source: AmInvest Research - 14 Apr 2020