Weekly Report Technical Analysis
Although there are signs of a rebound, we need to be cautious about whether it could be a bullish trap.
![$99SMART (5326.MY)$ Although there are signs of a rebound, we need to be cautious about whether it might be a bull trap. From the daily chart, it appears thatthe price is filling a previous FVG gap, and may next testthe EMA60, which is around 3.53Nearbyand could encounter resistance leading to a decline. If the price fails to stay above the EMA60 and the resistance level, then the risk of a continued drop remains. From the weekly chart perspective, the price may find support when the MACD fast line approaches the zero axis and rise thereafter, although this trend cannot be confirmed in just a few days; it may take one to two months of observation.Weekly chartStill has support belowThe EMA60 is approximately at 3.01Around this area. Personally, I think there is stillA chance to drop to the range of 3.03-3.10Somewhere within this range. The above analysis represents my personal views for reference only and does not constitute any investment advice. Everyone should make their own decisions regarding their money.[Tongue]Thank you[Shy]](https://sgsnsimg.moomoo.com/sns_client_feed/105173040/20260413/2516a94ce1f8a47dc56eed2d1381464d.jpg?area=104&is_public=true&imageMogr2/ignore-error/1/format/webp)
From the daily chart, it appears to beFilling the previous FVG price gap, and may test going forwardThe EMA60 is roughly at 3.53NearbyResistance led to a downturn. If the price fails to rise above the EMA60 and resistance levels, there still remains a risk of further decline.
![$99SMART (5326.MY)$ Although there are signs of a rebound, we need to be cautious about whether it might be a bull trap. From the daily chart, it appears thatthe price is filling a previous FVG gap, and may next testthe EMA60, which is around 3.53Nearbyand could encounter resistance leading to a decline. If the price fails to stay above the EMA60 and the resistance level, then the risk of a continued drop remains. From the weekly chart perspective, the price may find support when the MACD fast line approaches the zero axis and rise thereafter, although this trend cannot be confirmed in just a few days; it may take one to two months of observation.Weekly chartStill has support belowThe EMA60 is approximately at 3.01Around this area. Personally, I think there is stillA chance to drop to the range of 3.03-3.10Somewhere within this range. The above analysis represents my personal views for reference only and does not constitute any investment advice. Everyone should make their own decisions regarding their money.[Tongue]Thank you[Shy]](https://sgsnsimg.moomoo.com/sns_client_feed/105173040/20260413/97b26c9be24a8085627ba8526c7def6d.jpg?area=104&is_public=true&imageMogr2/ignore-error/1/format/webp)
From the weekly chart perspective, the price may receive support when the MACDfast line approaches the zero axis, potentially leading to an upward movement, although this trend cannot be observed within just a few days; it might take 1-2 months to fully assess.Weekly chartStill has support belowThe EMA60 is approximately at 3.01nearby. Personally, I believe thatPossible decline to the range of 3.03-3.10Around this range.
The above analysis represents my personal views for reference only and does not constitute any investment advice. Everyone should make their own decisions regarding their money.
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