On the daily chart, the price remains under long-term resistance from MA144 and MA169 moving averages, consistently in a downward channel. Although the MACD indicator's histogram briefly turned red, the DIF and DEA are still deep in negative territory. The rebound is merely a technical correction within a downtrend. Overall, the short-term rebound lacks fundamental and volume support, with resistance from moving averages forming a strong barrier. The head-and-shoulders pattern has not undergone any substantial change.
Personal suggestion: Brother around 2965 for a short position, look to add at 3035, target 2900, 2830.
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December 25 Thursday Intraday Brother Analysis
On the daily chart, the price remains under long-term resistance from MA144 and MA169 moving averages, consistently in a downward channel. Although the MACD indicator's histogram briefly turned red, the DIF and DEA are still deep in negative territory. The rebound is merely a technical correction within a downtrend. Overall, the short-term rebound lacks fundamental and volume support, with resistance from moving averages forming a strong barrier. The head-and-shoulders pattern has not undergone any substantial change.
Personal suggestion:
Brother around 2965 for a short position, look to add at 3035, target 2900, 2830.