99SMART TRADE IDEA99 Speed Mart Retail Holdings BhdMYX_DLY:99SMARTfarisikramofficialPrice came back to a multi-month level. On the 4hr chart, there's a double bottom which is a bullish reversal pattern. The red candle with a long wick and bullish engulfing candle further reaffirms the potential reversal to the upside and that marks our entry. Looking at the fundamentals, 99SMART is a defensive stock since it's in the consumer staples industry. People can stop buying the latest Iphone etc but they cant stop buying essentials like rice and eggs. With the geopolitical events that are unfolding right now, this is a pretty good and safe bet especially with the fact that they support SARA offered by the Msian government. They also have a high inventory turnover ratio supported by their own distribution center which is good for a company like 99SMART that plays the volumes game. However thin margins and rising oil prices are the risk worth noting although that could be solved by the fact that 99SMART probably buys in large volumes from suppliers thus getting more rebates and discounts.