The recent trend of Erbing is clear. In the early stage, it traded sideways and oscillated around the middle band of the Bollinger Bands; the bulls repeatedly tried to push higher but failed. Then the bears broke down and probed lower to 2293, falling below the consolidation range.

Technically, the middle band of the Bollinger Bands is turning downward. The price is trading under pressure, with the rebound showing expanding sell-off volume and the decline showing contracting rebound volume, indicating weak bull follow-through. There are heavier trapped orders in the 2340-2370 area above, with evident selling pressure. Support at 2290-2300 below is weak and is likely to be broken again. Market-wide weakness is dragging the move lower, and a short-term independent rebound is unlikely.

For trading: if 2290 stabilizes, you may consider opening a small long position to try to catch a rebound. If the rebound reaches 2370 and meets resistance, you can short; use a strict stop-loss. In a predominantly bearish market, do not hold positions stubbornly (do not “carry” the trade).