CAREPLS (0163): Bullish

Pattern: Cup & Handle Breakout

As shown in CAREPLS's daily chart above, it broke out of the neckline of the cup & handle pattern with sky high volume on 29 May 2017. Subsequently, CAREPLS has been moving up North and broke the immediate resistance of 0.40. 

The overhead resistance as boxed in red also coincides with the 2nd target price.

The immediate target price for CAREPLS are 0.475 and 0.58. Based on the volume flow, it is likely to break all time high.

I stay bullish on CAREPLS when it is trading above 0.37.

Leave me a comment below and let me know what you think. If you have any queries or want to share the next big stock with me, feel free to contact me via my email or FB page below.

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Cheers,

Ming Jong

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