$99SMART (5326.MY)$
According to the latest screenshot provided by you, the stock price of 99SMART (5326) has risen to 2.430, an increase of +3.40%. From the charts and data, there are several points worth noting:
1. Volume surged
The volume has significantly increased (20.0469 million shares), and the turnover ratio has reached 1.41%, indicating that trading in the market is very active. This usually means that the market's attention to the stock is high, and more investors may enter.
The stock price has broken through an important resistance level.
The current stock price has reached a recent high of 2.450, indicating a possibility of further challenging higher price ranges, such as approaching the 52-week high (2.540). If the trading volume continues to increase, there may be more room for further upward movement.
3. Increase in amplitude and volatility.
Amplitude increase of 16.76% and rapid upward movement in the short term indicate intensified stock price volatility, reflecting strong investor sentiment. There is a possibility of a continued short-term rise. However, the larger volatility also implies the risk of a correction in the short term.
4. Observation of technical indicators
• Upward trend: From the chart, the stock price has maintained a relatively stable upward trend over 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 breakout fails, a slight pullback may occur.