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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.

The Crude Oil Markets Have Had a Successful Week

Larissa Barlow

Apr 18, 2022 10:00

截屏2022-04-18 上午9.27.48.png 

Weekly Technical Analysis of WTI Crude Oil

The West Texas Intermediate Crude Oil market originally retreated somewhat throughout the trading week, but found enough support beneath to reverse course and surge upward. Thus, the market has rebounded rather nicely, implying that perhaps oil is not quite ready to collapse after all. We broke over the previous week's lengthy neutral candle, indicating that buyers have moved in to maintain pressure. At this time, crude appears to be heading towards the $115 level. Subsequently, it appears as though the $93.50 level is providing strong support.

Weekly Technical Analysis of Brent Crude Oil

Brent markets have also demonstrated considerable support, breaching over the $111 level at the week's finish. At this time, it appears as though we will threaten the highs once more, as we are on the verge of a complete reversal. It appeared as though we were about to break down, but the market was spared by the critical uptrend line. Generally speaking, this is a market that appears to be attempting to reach the $120 level.

 

Short-term pullbacks should continue to offer buying chances as long as we maintain a price over $100, and thus it is likely that the trend has fully redeemed itself. With that in mind, the market is likely to see buyers reenter, and as a result, I am not interested in selling till we break below the $95 level. If we break below that level, it is likely that we will head straight for the $90 level.

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