RHB Retail Research
Technical Analysis - Careplus Group
Careplus Group may rebound further after it tested MYR0.195 support recently. Given that the stock has breached above the downtrend line drawn in the chart, this indicates a positive sign. A bullish bias may appear above the MYR0.22 level, with an exit set below the MYR0.195 threshold. Towards the upside, the near-term resistance is at MYR0.26. This is followed by the MYR0.275 level.
Source: RHB Securities Research - 22 Nov 2018
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