$99SMART (5326.MY)$
According to the latest screenshot you provided, the stock price of 99SMART (5326) has risen to 2.430, with an increase of +3.40%. From the chart and data, there are several points worth noting:
1. Spike in trading volume.
The trading volume has significantly expanded (20.0469 million shares), and the turnover ratio has reached 1.41%, indicating very active buying and selling transactions in the market. This usually means that there is a high level of market attention to this stock, and there may be more investors entering.
The stock price has broken through an important resistance.
The current stock price has reached a recent high of 2.450, indicating the potential for further challenging higher price ranges, such as approaching the 52-week high (2.540). If there is sustained high volume, there may be more room for upward movement.
3. The amplitude and volatility are increasing.
The amplitude of 16.76% and the rapid rise in the short term indicate an increase in stock price volatility, suggesting strong investor sentiment, and the possibility of further short-term gains. However, the larger volatility also implies the risk of a pullback in the short term.
4. Observation of technical indicators
• Upward trend: From the chart, the stock price has maintained a relatively stable upward trend in the past period, especially with strong signs of breakthrough recently.
• Support: If the stock price can hold above 2.450, it may continue to advance towards the 52-week high of 2.540. If the breakthrough fails, there may be a slight pullback.