KUALA LUMPUR (Jan 11): RHB Retail Research said Careplus Group Bhd is in the process of a technical breakout, as it reached the immediate resistance of RM1.08 yesterday, while consolidating sideways.

In a trading stocks note today, the research housed said if the breakout happens above that level, expect the momentum to propel the stock towards the next resistance of RM1.14, followed by RM1.40.

“In the event it drops below the 97.5 sen support, the stock may resume the downward movement,” it said.