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December 24, Wednesday, Intraday Second Brother Analysis
The daily chart shows that the relative strength remains firmly suppressed by the middle band. The Bollinger Bands are narrowing, which is not a reversal signal; instead, it highlights heavy selling pressure above. The upward momentum is severely lacking. If the relative strength cannot quickly break through the middle band, the support at the lower band of 2780 is likely to be broken, and the subsequent downside space will open further.
Second Brother is around 2980, see for a rebound at 3050, target 2880, 2750