Bloomberg: The9's 15min chart sees Bollinger Bands expanding downward, bearish marubozu.

Based on the 15-minute chart of The9, the Bollinger Bands are currently expanding downward and have triggered a bearish Marubozu at 10/09/2025 10:45. This suggests that the market trend is being driven by sellers, and the bears are in control, which may lead to continued bearish momentum.

The9 Limited (NCTY), a Nasdaq-listed Internet company, has announced that its Singapore-based investee company, Nanyang Biologics (NYB), plans to go public on the Nasdaq through a $1.5 billion business combination with RF Acquisition Corp II. This strategic move is expected to enhance NYB’s capabilities in AI-driven drug discovery, particularly in oncology, by leveraging partnerships with Nvidia, HP, and Equinix.

The transaction, anticipated to close in the first half of 2026, will see NYB’s shareholders, including The9, retain a majority stake. This positioning could potentially establish NYB as a leader in AI and biotechnology. The9 Limited, founded in 2004, operates in online games, Bitcoin mining, and AI-driven drug discovery investments, with an average trading volume of 56,367 shares and a current market capitalization of $132.4 million The9’s Investee NYB to Go Public via $1.5 Billion Nasdaq Deal^[1].

According to the provided data, The9's stock has been experiencing downward Bollinger Bands expansion, triggering a bearish Marubozu on October 9, 2025, at 10:45. This suggests that the market trend is being driven by sellers, with bears in control, potentially leading to continued bearish momentum.