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On its first day of trading, Hong Kong-listed Tianxing Medical (01609.HK) opened at HK$288, a surge of over 192%, compared to its offering price of HK$98.5.On Tuesday, May 5, the Hang Seng Index opened down 150.13 points, or 0.58%, at 25,945.75; the Hang Seng Tech Index opened down 27.58 points, or 0.55%, at 4,949.12; the H-share Index opened down 38.04 points, or 0.43%, at 8,736.35; and the Red Chip Index opened down 8.68 points, or 0.2%, at 4,402.56.Hang Seng Index futures opened down 0.5% at 25,891 points, a discount of 197 points.May 5th - The China Federation of Logistics and Purchasing (CFLP) released the April China Bulk Commodity Price Index today (May 5th). The index showed that, influenced by improved supply and demand in some domestic industries and external factors, the index continued to rise in April, although the increase was narrower than the previous month, indicating that the bulk commodity market remained generally stable and continued its positive development trend. The April China Bulk Commodity Price Index was 132.1 points, up 1.7% month-on-month and 20.2% year-on-year. Among the 50 key bulk commodities monitored by the CFLP, 38 saw month-on-month price increases in April. Paraxylene, methanol, and polypropylene saw the largest increases, rising by 22.4%, 14.5%, and 11.8% respectively compared to the previous month.According to the Wall Street Journal, OpenAI CEO Sam Altman discussed spinning off the company’s robotics and consumer hardware division late last year.

Make profit from falling markets

LEO

Oct 25, 2021 13:27


When the price of a product falls, we can make a profit through continuous selling transactions.


Observe the chart characteristics of the falling market, there are many opportunities to sell:

1. When the decline breaks below the previous low

2. When the price rebounds to the previous high


What is a falling market?

Because the short force of selling is stronger than the force of buying, the price of the product keeps falling. There are constant bad news in the market, the bears dominate the market. Judging from the performance of the price chart, the price continues to fall below the previous lows, and the moving average indicator shows a downward bearish arrangement. This kind of market is what we call a falling market.


How to make profit from falling market?

First of all, we have to find the previous low and pay attention to whether the price has fallen below the previous low during the fall.

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The price position of the previous low point is the key position of resistance to the decline. The price fell below the previous low and broke through the resistance, and the decline continued.


Then, keep in mind the principles of falling market trading

A short position is established after breaking through the key downside resistance.

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