KUALA LUMPUR (Jan 9): RHB Retail Research said Careplus Group Bhd is in the midst of resuming its uptrend from the recent pullback as it rebounded and consolidated above the rising 21-day simple moving average (SMA) line recently, with an eye towards the 45.5 sen immediate resistance.

In a trading stocks note on Tuesday, the research house said that if a breakout above that level happens, the stock may climb higher towards the recent high of 51 sen, followed by the next resistance at 55 sen, or the two-year high.

“However, if it falls below the 41 sen support — forming a lower low — this expectation will be cancelled,” it said.