Weekly Report Technical Analysis
$99SMART (5326.MY)$ Boring market! Last week we mentionedA rapid rebound might be a bullish trap, the following trend is more inclined towardsSideways consolidation。
![$99SMART (5326.MY)$What a boring market! Last week we mentionedA rapid rebound could be a bullish trap., the subsequent trend is more likely toSideways trading。 From the perspective of Fibonacci retracement levels, aboveResistanceAt: - 3.79-3.85 FIBO (0.618) + Resistance Range - 3.87 FIBO (0.705) - 3.90-4.00 FIBO (0.786) + Resistance Range + OB Order Block + Chip Peak BelowSupportAt:3.38-3.47。 The price is atNeither up nor downthe stage,Hard to tradeAlso veryTests patience。 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/105173040/20260426/49f199ecd17d9545aa7abf7d4aa4cbdf.jpg?area=104&is_public=true&imageMogr2/ignore-error/1/format/webp)
From the perspective of Fibonacci retracement levels, the upsideResistanceAt:
- 3.79-3.85 FIBO (0.618) + Resistance Range
- 3.87 FIBO (0.705)
- 3.90-4.00 FIBO (0.786) + Resistance Range + OB Order Block + Chip Peak
Support belowSupportAt:3.38-3.47。
The price is currently ina stagnant phase,with no clear direction,making trading difficultand also verytesting one's patience。
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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