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On February 9th, Guansheng Co., Ltd. issued an announcement stating that it has noticed reports published by some media outlets online regarding "Guansheng Co., Ltd.s release of an intelligent bionic articulated arm in Shanghai." The reports claimed that the companys core component business for humanoid robots has entered the commercial mass production stage, and that its intelligent bionic articulated arm product has received over a thousand intended orders in the field of biomedical experimental equipment. The company clarified that the aforementioned reports are a misinterpretation by the media and do not represent the companys statements. The company will contact the relevant media outlets as soon as possible to delete the inaccurate statements and pursue relevant responsibilities to protect the companys reputation and legitimate rights, and safeguard the interests of its investors. The companys main business has not changed and remains focused on the research, development, production, and sales of automotive chassis system components. Currently, the intelligent bionic articulated arm product has no orders and has not generated any revenue. The wording in the related media reports is inaccurate; the product has not yet entered the mass production stage and is still a long way from mass production.On February 9th, Zhongmiao Holdings (01471.HK) announced in Hong Kong that its board of directors has noted the recent increase in the companys share price and trading volume. The board is pleased to announce that it has submitted an application to the China Securities Regulatory Commission (CSRC) to convert 105,895,600 unlisted domestic shares into H shares. Subject to obtaining all filings and/or approvals from relevant regulatory authorities (including but not limited to the CSRC and the Stock Exchange of Hong Kong), and upon compliance with all applicable laws and regulations, these unlisted shares will be converted into H shares and eligible for listing and trading on the Stock Exchange of Hong Kong.According to Hong Kong Stock Exchange documents, Vidali Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.According to Hong Kong Stock Exchange documents, Hangzhou Relian Group Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.Oracle (ORCL.N) shares surged 6% intraday, marking the biggest gain since December of last year.

How to use Bollinger Bands in trading?

Jason Douglas

Oct 25, 2021 13:27

What is Bollinger Bands?

Bollinger Bands are the technical indicator which consist of three lines: Upper rail, middle rail and lower rail.

middle rail is the price moving average, Upper rail is the repressive line, lower rail is the support line.

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How to use Bollinger Bands in trading?

When the price is between the middle and upper rail, the market is in a uptrend,  the trading strategy is to buy at low price.

When the price is between the middle and lower rail, the market is in a downtrend,  the trading strategy is to sell at high price.

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It is a volatile market when the price runs in the middle rail. At this time, we should make short positions near the upper rail and long positions near the lower rail.

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When the price runs along the upper rail , the market will rise unilaterally, we should make long positions and hold them.

 

 

When the price runs along the lower rail, the market will fall unilaterally, we should make short positions and hold them.

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After the price trend kept for a period of time, the channel shrinks and the price fluctuates in a small range, which is the precursor of a large trend market.

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The sudden expansion of the channel is a good time to enter the market. When the price break up we can go long, while the price break down go short.

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When the expansion reaches a certain range and the price breakouts, it means that the market will reversal. At this time, the trading strategy is to go short after breaking through the upper rail and go long after breaking through the lower rail.

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Are you ready to use Bollinger Bands!