@diuleiloumei : IMHO my TP1 is 1.63 and it overshoot and my TP2 is 2.17, and i expect the correction to start tomorrow. That my opinion. And I expected to collected back between 1.35 ~ 1.55.

Hi Guys, I have sold off my all my shares in Careplus @ 1.82 and will pick up after the correction. Happy Trading!

Closing price above 1.30 is perfect for next week to hit the TP1 of 1.63 follow by TP2 - 2.17.

@gnath_77: Well said and the I trully agreed with your statement, and one word that you said is very true "greedy". Happy Trading! and all the best to your undertaking.

@Maxcsk: in my previous post, i do mention that the safe "entry" price is 0.91.

@Maxcsk : Careplus price movement is moving on side-way pattern (+/- 5 pips) as long as there is a gap-up opening price movement but at the end of the day, the closing price will move up from yesterday closing price. As I mention in my previous post, W-1-3-5 will take more or less the same amount of days W-1-3-3 (almost a month) to acheive the TP. That is my opinion.

Hi, If the US FDA Act taking into force, then Ansell Limited will be the most beneficiary in terms of medicals supply including gloves and directly it will benefit Careplus because Ansell (through Ansell (Asia)) hold 50% of Careplus (M) S/B. So What you guys still harping for bad news coming to Careplus. All the way good news. Happy Trading & Stay Safe.

@ml2020 : Good. stick to your own analysis and trust your own judgement. Happy Trading!

I have notice lately a lot of investor's are writing about when the quarter results is going to announce and how it's the outcome of the results. What I want to say is the results IMHO will be so-so but the revenue will increase (base on last quarter RM 108M+ against previous quarter RM 84M+).

If you solely base on the "covid 19" news flow (that is what most of the glove sectors are playing now), then IMHO, "Careplus is value at around 0.85~0.90, "BUT, BUT, BUT" the news flows for Careplus is not solely on Covis 19 only.

Secondly, We have to look into the other two (2) additional important news that is Careplus aqquired all the shares in Careglove Global from the Brazilian shareholder's @ RM24M, and now Careglove Global is 100% own by Careplus and Careplus Global distribute their products in Brazil and other South American regions.

Thirdly, Ansell Services (Asia) aqquired 50% of Careplus (M) for RM 26.81M, with the acquisition by Ansell, Careplus will be able to sell theirs product to other 100+ countries that Ansell operate that Careplus did not manage to penetrate them.

IMHO, with the the addition 2 scenarios that lay out, additional of 1.5X more from 0.85~0.90 (between 2.125~2.25) is achieveable.

Happy Trading.

Can expect it to close between 1.06 ~ 1.08 today, will be very good for next week.

@kfliau : don't kancheong, stay clam and be focus, the sky is clear and sun is shinning.

@gnath_77 : everyone of us need to pay our tuition fees in one way or another. That is learning process in stock market. Either you made a gain/loss that will earn them experience's in the course of investing. The most important factor they must know is discipline and not to be greedy and must know when to "enter" and "exit".

Don't expect to limit up la, let it move slow and steady, it's still early day and more days to come.

Those day trader's who bought early this week have been flush out by the opening 15 minutes. Sky is the limit. Happy Trading.

So today closing price is 0.95 up 0.185 from yesterday closing price @ 0.765, but the high is 0.95 and low is 0.805.

Base on today daily chart shown that RSI is in over-bought and move upward from yesterday close above 70% (indicate "Buy" signal) and Stochastic %K move upward and cut over %D (that indicate a "Buy" signal).

Candle Stick show "Buy" signal due to gap up opening price today and form a bullish engulfing pattern over and also the closing price take over the half body candle stick on 15/05/2020.

Parabolic shown down-ward for the last 5 trading days. If tomorrow shown green candle stick that it will show "Buy" signal.

So base on my TA analysis, most of the major indicators have confirm positive, Careplus have completed the Wave 1-3-4 and now move to the final wave that is W1-3-5 and the TP1 - 1.63, TP2 - 2.17 and TP3 - 2.50 and above. Base on the previous W1-3-3, it took nearly 1 month to completed and can expect the the coming "powerful" wave will take more or less the same time frame.

So, please take note that TA is just a tools for us to make a decision either to "enter" or "exit" the market, but not a call to "BUY" or SELL".

I hope with my little bit of analysis, it will help you to make a better decision or judgement accordingly.

Happy Trading tomorrow and hope all made a wise decision. Good Luck and "Stay Safe".

So today closing price is 0.765 down 0.09 to yesterday closing price @ 0.855, but the high is 0.845 and low is 0.76.

Base on today daily chart shown that RSI is in over-bought and still above slightly above 70% (not yet "Sell" signal) and Stochastic %K move down to 43.1% follow by %D @ 56.3% (that indicate a "Sell" signal).

Candle Stick did not shown any "Buy" signal yet due to gap down opening because yesterday the candle stick form a "three finger's pattern" and that is why today it show a gap down opening, but from past experience the down-trend is coming to end soon. I believe if any retracement is going to happen it might go down to 61.8% of the high (1.18) and quickly bounch back. At the moment (it might change daily) what out for 0.91 and above, that is a safe "entry" point.

Parabolic shown down-ward for the last 4 trading days.

So base on my TA analysis, Careplus will be in side-way consolidation and still in Wave W1-3-4 and the TP is between 0.96 to 0.75 or below. So like I mention in my earlier post that W1-3-4 (will be short and sweet) and today is the forth day.

So, please take note that TA is just a tools for us to make a decision either to "enter" or "exit" the market, but not a call to "BUY" or SELL".

I hope with my little bit of analysis, it will help you to make a better decision or judgement accordingly. Once W1-3-4 is over, I can only update the TP for W1-3-5.

For your info, I am not a sifu's, day-trader's or speculator's and I don't operate as a group, I'm like all of you who love to invest in shares (I also do some Forex Trading) and I have learn to use TA as a tools for nearly 35 years.

Happy Trading tomorrow and hope all made a wise decision. Good Luck and "Stay Safe".

kfliau : Did you manage to figure out the hints about the three fingers candle stick pattern. Answer :
Three fingers candle stick pattern is like our 2nd, 3rd, and fourth finger and what come next is our fore finger or last finger. This morning, when the opening price open gap down (0.83 from 0.855 (yesterday)), it mean that today the price will be in down-trend mode and that is happening. So in a way, a good sign of reversal is coming soon. Let me have a look at the chart tonight, and i will do some analysis for those who need it.

Hints: Look at your hand and you will find your answer.

Yesterday Daily Chart shown 3 finger candle stick patten. Happy Trading & Stay Safe.

So today closing price is 0.90 down 0.015 to yesterday closing price, but the high is 0.995 and low is 0.88.

Like I mention in my early post this morning the big gap @ open price @ 0.99 is no good for TA if the price close lower than the open price unless it manage to close @ 0.99 or higher because the candle stick will create a black shaven cover the entire two days candle stick and that indicate a down trend on the price.

Base on today daily chart shown that RSI is in over-bought (heading south) and still above 70% (not yet "Sell" signal) and Stochastic %K heading south also cross over %D and go below 80% (confirm "Sell" signal).

Parabolic shown down-ward trend yesterday and today confirm it.

So base on my TA analysis, Careplus will be in side-way consolidation and still in Wave W1-3-4 and the TP is between 0.96 to 0.75 or below. So like I mention in my earlier post that W1-3-4 (will be short and sweet) and today is the second day.

So, please take note that TA is just a tools to guide us to make a decision either to "enter" or "exit" the market, but not a call to "BUY" or SELL".

I hope with my little bit of analysis, it will help you to make a better decision or judgement accordingly. Once W1-3-4 is over, I can only update the TP for W1-3-5.

Happy Weekend and hope all made a wise decision. Good Luck and "Stay Safe".

(I know a lot of investor's in this forum would not like to read that this counter at the moment is under going consolidation phase, weather you like it or not, facts is facts, and most of the big boys are using TA and not FA to push the prices up and down, but I believe the big boys are still holding a big chunk of shares above +1.00 (base on the volume on Wed & Thur) and it just a matter of time, they will make a move again after they have manage to average out their prices.)

Like yesterday price movement, strong resistance at 0.95 & 0.96. We need the big boys to clear them.

IMHO, I don't think the price will move up and down like Wednesday and Thursday. Yesterday was exceptional, because 2 days in a row the price move up by 0.60, after that the big boys of course will start to sell and all the retailer's get panic and start to sell, same as Comfort, Rubberex & etc. That is how the price was push all the way down to 0.76.

But today, the price is more stable than Wednesday and Thursday, but opening with such a high gap is no good for TA if the price close lower than the opening price unless it manage to close @ 0.99 or higher.

"HAPPY TRADING" AND "STAY SAFE"

So today closing price is 0.925 up 0.01 to yesterday closing price, but the high is 1.03 and low is 0.76.

Base on today daily chart shown that RSI is in over-bought (up slightly) and still above 70% (not yet "Sell" signal) and Stochastic %K move up slightly but did not cross over %D and still stay below 80% (that indicate a "Sell" signal).

Candle Stick did not shown a "Buy" signal (Still did not cross over half body of yesterday body)

So base on my TA analysis, tomorrow Careplus will be in side-way consolidation (that mean the price movement for up and down will not diff much) in my opinion. So the W1-3-4 still stay.

So, please take note that TA is just a tools for us to make a decision either to "enter" or "exit" the market, but not a call to "BUY" or SELL".

I hope with my little bit of analysis, it will help you to make a better decision or judgement accordingly. Once W1-3-4 is over, I can only update the TP for W1-3-5.

Happy Trading tomorrow and hope all made a wise decision. Good Luck and "Stay Safe".

The last Wave (1-3-3) it started from 24/04/2020 to 13/05/2020, and it take almost 3 weeks from low of 0.31 to high of 1.18 (diff : 0.84) and my prediction for W1-3-4 (down-trend) support price is 0.96 to 0.75. Look like the target price have been match, I believe it will slowly move up, like I posted earlier W-1-3-5 will be more powerful wave that W1-3-3. Let us see how the closing price today, if above 0.91, is a good sign that the turn around is taking place. Good Luck to all and Happy Trading! Stay Safe!

The lower the price it goes down today, when the wave turn, it will go up higher. Take note!

Today support should be 0.96. Happy Trading! That my opinion.

Today I will be happy if Careplus close above 1.00, Happy Trading!

Base on TA, Careplus finally completed the Wave 1-3-3 as follows :

W1-3-3 - 1st TP - 0.49 (Pass)
- 2nd TP - 060 (Pass)
- 3rd TP - 0.67 and above (Pass - today high 1.18)

And now we are moving into W1-3-4 that is down trend (I believe it will be sweet and shallow) and the TP as follows :

W1-3-4 - TP - 0.96 or 0.75.

So today closing price is 0.915 and it has passed the 0.96 range and it left to be seen weather it will hit the range of 0.75. If tomorrow closing price is above today closing price, then the W1-3-4 is complete and it will move to W1-3-5 (this is a powerful price up-trend than W1-3-3).

Today, daily chart shown that RSI is in over-bought and still above 70% (not yet "Sell" signal) and Stochastic %K cut over %D and go below 80% (that indicate a "Sell" signal).

So, please take note that TA is just a tools for us to make a decision either to enter or exit the market, but not a call to "BUY" or SELL".

I hope with my little bit of analysis, it will help you to make a better decision or judgement accordingly. Once W1-3-4 is over, I can only update the TP for W1-3-5.

Happy Trading tomorrow and hope all made a wise decision.

I manage to catch some at 0.90. Hurray!

Bravo 1.00 again. Tomorrow good show. 1.88 on the way. Happy Trading.

It will close @ +1.00 today. Buy!Buy!Buy!

Today, I have read the other days postings and those so call expert of TA/FA keep on calling "SELL", but did not offer anything to support, for eg. RSI is already in the Over-bought (above 70%) position since the start on the bull run since 20/04/2020 (when the price is around 0.31) but the price is still moving up, because it's still moving upwards and that is not a "SELL" signal yet, until the RSI move downward below 70%, then it's a "SELL" signal. As until yesterday daily chart, it's still above (70%). Like wise for stochastic also the %K cut over %D (above 80%), that mean it's still bullish. CCI is also bullish, Candle stick is aslo bullish.

I hope a little imput will help at making decision to "buy" or "sell" at your own risk. Your decision to "buy" or " sell" rest with you. Happy Trading!

Congrats to all who's have faith in Careplus. Limit-Up 0.89. Tomorrow will be another good days and it will hit +1.00. Hurray! Bravo!

Bravo, today hit 30%, and limit-up on the way, 0.89. Let "HUAT" together!

No more waiting, limit-up 0.89 is on the way.

if today or tomorrow can close above 0.80, that the final wave will be +1.50, that is my target Price. Happy Trading!

It look like, it might see a limit up today @ 0.89. Hold tight and Happy Trading!

Base on my technical analysis on wave analysis and fibonacci ratios, Careplus are now in W1-3 as follows :

W1-1 - Price move from 0.15 (17/03/2020) up to 0.25 (18/03/2020)

W1-2 - Price move from 0.25 (18/03/2020) down to 0.17 (19/03/2020)

W1-3 - Price uptrend started from 0.17 (19/03/2020) until now as follows :

1st Target price on :-

Wave 1-3-1 move up from 0.17 (19/03/2020) to 0.36 (20/04/2020)

Wave 1-3-2 down from 0.36 (20/04/2020) to 0.31 (21/04/2020)

and now careplus on W1-3-3 (price movement started on 21/04/2020 @ 0.31)

1st Target Price - 0.49 (04/05/2020-Pass)
2nd Target Price - 0.60 (07/05/2020-Pass)
3rd and Final Target Price - estimated 0.67 and above

After W1-3, 2nd target price have been achieved, and now is on 3rd Target Price (weather it will still move on or not) is left to be seen.

After W1-3-3 is over, it will move on to W1-3-4 (that is on down-trend movement), then the final wave for W1-3 (W1-3-5) that is uptrend movement (very powerful uptrend movement)

I hope with my little bit of analysis, it will help you made your decision to buy or sell on your own risk.

No problem, it will soon be finish. Hold tight-tight.

Go, Go, Go, Close +0.60. Hurray!

Careplus will be worth 1.00+ in the short to medium terms, and also that is the price sometime in 2016~2017.

AGM Started

Most probably, we will know the result after the AGM today.

Voting close on Monday.

Who ever cast your vote for JV, you have done your part as a minority shareholder's, let the big shareholder's decide. That all we can hope for. I have voted for the JV.

Stay Calm and don't kanchiong, if approve JV then it will shoot up, if don't, the support will be 0.50+. Why worry. Happy Trading!

Don't worry to much about the AGM, it will be good news all the way. Go, Go, Go, Huat-La, Hurray.

The Big Boys is doing horse-trading, la. Sit down and watch and hold tight-tight, Happy Trading.

Hold tight-tight, 0.60 coming soon.

Tomorrow AGM.