Neo-Concept International shares drop 24.24% premarket amid technical collapse and extreme bearish momentum.

Neo-Concept International fell 24.24% in premarket trading following a historic 68% intraday selloff that pushed the stock to its 52-week low. The sharp decline was driven by technical deterioration, including an extremely bearish RSI of 8.89, a MACD below the signal line, and Bollinger Bands indicating reversion to the lower band. A massive 477.9% turnover rate suggests liquidity shocks and panic selling, compounding downward pressure. The recent board reshuffle, including a chairman’s resignation and new leadership in governance, did not provide stability. With no immediate catalyst for a rebound and continued bearish momentum, the stock remains under intense downward pressure.