Okay, it's expected today. Will most likely breach 0.36 and if my estimate is right, 0.41. Dont be greedy - check all info you can find. There is a reason why a foreign boutique hedge fund is interested in this stock. As a boutique hedge fund, you dont simply make decisions unless you know something your competitors didnt see.

Their business is in dip lines - glove making is small part of its business. main interest lies in its RTK for Covid19. If expect goreng, then this may be a difficult to estimate counter - just like Carepls

Over bought aleady. Look at the Bollinger band. I would be very suspicious to go in

They may some more selling tomorrow until it hits 0.26 and then corrects to higher highs

Tomorrow will be interesting. Stochastic cross over is evident. Fabionacci extension will happen. As you see, the same who sold bought back at higher price. Carepls is overbought. Guess where people will be heading?

The stock has bounced off the 61.8% Fabionacci line already. The next stop is 0.36 and may go up to 0.41 if strong stimulus. Just relax and wait. It has consolidated enough and waiting to bounce up

dont kancheong - small volume only. those cannot stand losing are selling.

Just sold and out of here. A little dangerous point to be buying now

still undecided to go up or down. bears stopped by bullls at 9.30

@mf, now that they dispose for quick bucks, not strange - that is why people list their stocks online. For public control. They made quite some cash - but not so much as it dilutes their interest. So, leave it to market forces to push. This is when buyouts will come if they have good assets

@RoboTop Tomorrow will start going down bcoz stochastics show overbought situation and candlestick shows doji already formed at the top.
29/04/2020 11:50 PM

Stochastic alone not confirmatory. You need other influences to make a firm decision

Right now question looms over why the directors are selling - to me it's pure cashing in. Nothing else. They are substantial share holders. throwing away to make RM5 to 7mil is logical. Afterall they bought in much lower than 0.18

I am looking at 0.36 and above but the momentum at this stage is still very low

Fabionacci ? rarely.

Yes, it bounced off the 61.8% Fabionacci line as expected. Next stop, retracing back to 0.36. Considering the consolidation of the past two days between 0.29 and 0.31, it may even break the 0.36 mark to settle at 0.41.

Just a wild shot - it should steer past 0.32. Immediate TP 0.36.

Just got the 28.5, thanks for the panic.

If you are panicking, this may give you an insight into its business - https://www.thestar.com.my/business/2020/03/14/hlt-global-bets-on-new-technology
Is it an entirely glove production company? Or can the company quickly switch to its dipping line technology that has been patented worldwide to gain profitability? The pandemic may be ending but one should also foresee new demands for gloves other than in medical use - ie food preparation, services sector, and the likes. Demand from the medical may consolidate but as doors open for business, will it not drive new demands? And if you have glove companies competing worldwide, doesnt companies like this one, that provided technology that can increase production, or even maintain the lines, will benefit most? Maybe someone can reason this out?

Watch it drop - once touches 35...

Spot on WellingtonSky. That iswhy I say watch the charts - three charts cant be wrong. It will breach 0.32 and when it does, who know what the limit is. Maybe next resistance is 0.45, maybe more

Chartwise - RSI is at 70%, Stochastic is in the positive, and next resistance level is 0.32. The signs are all there

@spielmacher below 35 sen could be considered as very cheap.
29/04/2020 9:36 AM

Thank you, all bought.

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For those who know how to trade Fabionacci extension.. do a chart and see. I think it has potential to go higher

@Ravi Kumar Careplus almost green, Comfort same. Soon HLT!!!!!

HLT is nerarer to target and should be better bet than Carepls.

@Ravi Kumar This retracement was a good opportunity to buy :)

you are right but it didnt remain at 29.5 long before it is snapped up. Way I see it, the drop didnt fall below 0.26, so this is a sign of its momentum. If it did break the floor of 0.26, then we have reasons to really worry. Now I am waiting to see if it breaks yesterday's closing or equal that. Then we can look forward to some encouraging news. I am still targetting it to touch 0.42 this week.

Strong support at 0.32 - Look at the stochastic chart. I think this is a good pullback. Wont last long to go for another breaking of limits. This is not a counter for day runs. Long hauliers will benefit most

yes @ pang72. Thx for the tipoff. Today's volume is highest. Next 24 hours will be spent reading up its fundamentals and looking at the charts. Going is quite strong and I think next level of breach will be 0.42 resistance level - one sen above the warrant level.

Looks like one or two big buyers walloping at 0.34 and 0.345 - very smart.

Big buying up at 0.33 and 0.34 - someone collecting for 0.40.

RSI only touching 80%. It has not shown potential yet at 86%. Methinks it can go higher at least 0.42. This is backed by the good news last week on April 21 (Apr 22 - price: 0.28) and today, it is only 8sen higher this morning when it touched 0.36

https://www.theedgemarkets.com/article/hlt-distribute-covid19-rapid-test-kits-worldwide
This is what will be the future business next 12 months post covid 19. Countries will need rapid test kits that will acurrately tell you whether or not you are infected as mass testing comes as required. looks like this company has one foot in the glove making support and another in rapid testing. Thank you who ever recommended it.

this counter that good? I know they have many overseas reach and after this pandemic, gloves and sanitiser companies will be model business. being is support business like this will be even better.

Read this story carefully:

https://www.theedgemarkets.com/article/careplus-partner-ansell-rm26m-joint-venture-deal

here it comes

Now one joker decides to dump at 0.395 and you watch the fun

There is no logic of 0.60 when it touched that figure four years ago. material prices up, labour costs up, and MCO will raise other liabilities too. If there is a share BB, then got possibility but 50% shares must be taken out of circulation for prices to double to 0.60. Right now, there is no such possibilty.

and the dumping begins again at 0.40 - see you guys at 0.36 this evening

no logic of bonus. first thing they will announce is to settle previous debts and the JV. get caught and you will be very pissed

There is no basis of 0.60 lah

financials coming online perhaps, with all hospitals open for biz

smart, move in first. then analyse convincingly. then watch the fun begins

i say, drop so much. collect at 11sen

haha... drop like a rock now..

people are chasing the idea that they are giving away rights issues to shares held. which is silly because if the profit in not going up, why should share base be enlarged for market capitalisation?

oh dear, dropping now!

big project signed?

If it can breach 0.255 today, good hopes for 0.29 in near term

Should investors kill each other by chasing this price rise for a company whose profits are not very clear yet?

https://www.klsescreener.com/v2/announcements/view/28823029

This could be the reason why - three rights share for one held. Meaning that each share, upon distribution, will be reduced to a quarter of its value - not to mention the warrants (two for three rights held). If the share is now 24sen, after rights it will be about 6 sen in equivalent value. How much will be warrant then be priced? How much actually is the share valued at right now - fundamentally?

watch it folks - EPF has already bought in since early March. It can't be wrong.