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According to the 15-minute chart of Jyong Biotech, the Bollinger Bands have recently expanded downward, which is a bearish signal. Furthermore, the market has recently experienced a Bearish Marubozu candlestick pattern on December 4, 2023, at 12:45. This suggests that the market trend is being driven by selling pressure, with sellers dominating market activity. As a result, it is likely that the bearish momentum will continue.
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