garrison資產的股票成交量

1. 急~~求一個English presentation about stock

各種股票走勢的形態分析（The trend of the stock of various forms of analysis）

反轉型態——頭肩底
1．型態分析
和頭肩頂的形狀一樣，只是整個形態倒轉過來而已，又稱「倒轉頭肩式」。形成左肩時，股價下跌，成交量相對增加，接著為一次成交量較小的次級上升。接著股價又再下跌且跌破上次的最低點，成交量再次隨著下跌而增加，較左肩反彈階段時的交投為多——形成頭部；從頭部最低點回升時，成交量有可能增加。整個頭部的成交量來說，較左肩為多。
當股價回升到上次的反彈高點時，出現第三次的回落，這時的成交量很明顯少於左肩和頭部，股價在跌至左肩的水平，跌勢便穩定下來，形成右肩。
最後，股價正式策動一次升勢，且伴隨成交大量增加，當其頸線阻力沖破時，成交更顯著上升，整個型態便告成立。
2．市場含義
頭肩底的分析意義和頭肩頂沒有兩樣，它告訴我們過去的長期性趨勢已扭轉過來，股價一次再一次的下跌，第二次的低點（頭部）顯然較先前的一個低點為低，但很快地掉頭彈升，接下來的一次下跌股價末跌到上次的低點水平已獲得支撐而回升，反映出看好的力量正逐步改變市場過去向淡的形勢。當兩次反彈的高點阻力線（頸線）打破後，顯示看好的一方已完全把淡方擊倒，買方代替賣方完全控制整個市場。
3．要點提示
（1）頭肩頂和頭肩底的形狀差不多，主要的區別在於成交量方面。
（2）當頭肩底頸線突破時，就是一個真正的買入訊號，雖然股價和最低點比較，已上升一段幅度，但升勢只是剛剛開始，尚示買入的投資者應該繼續追入。其最少升幅的量度方法是從頭部的最低點畫一條垂直線相交於頸線，然後在右肩突破頸線的一點開始，向上量度出同樣的高度，所量出的價格就是該股將會上升的最小幅度。
另外，當頸線阻力突破時，必須要有成交量激增的配合，否則這可能是一個錯誤的突破。不過，如果在突破後成交逐漸增加，型態也可確認。
（3）一般來說，頭肩底型態較為平坦，因此需要較長的時間來完成。
（4）在升破頸線後可能會出現暫時性的回跌，但回不應低於線。如果回跌低於頸線，又或是股價在頸線水平回落，沒法突破頸線阻力，而且還跌低於頭部，這可能是一個失敗的頭肩底型態。
（5）頭肩底是極具預測威力的型態之一，一旦獲得確認，升幅大多會多於其最少升幅的。

反轉形態——復合頭肩型
1．型態分析
復合頭肩型是頭肩式（頭肩頂或頭肩底）的變形走勢，其形狀和頭肩式十分相似，只是肩部、頭部、或兩者同時出現多於一次，大致來說可劃分為以下幾大類：
（1）一頭雙肩式型態：一個頭分別有二個大小相同的左肩和右肩， 左右雙肩大致平衡。比較多的是一頭雙右肩，在形成第一個右肩時，股價並不馬上跌破頸線，反而掉頭回升，不過回升卻止於右肩高點之下，最後股價繼續沿著原來的趨勢向下。
（2）一頭多肩式型態：一般的頭肩式都有對稱的傾向，因此當二個左肩形成後，很有可能也會形成一個有肩。除了成交量之外，圖形的左半部和右半部幾乎完全相等。
（3）多頭多肩式型態：在形成頭部期間，股價一再回升， 而且回升至上次同樣的高點水平才向下回落，形成明顯的兩個頭部，也可稱作兩頭兩肩式走勢。有一點必須留意：成交量在第二個頭往往會較第一個減少。
2．市場含義
復合頭肩型態的分析意義和普通的頭肩式型態一樣，當在底部出現時，即表示一次較長期的升市即將來臨；假如在頂部出現，顯示市場將轉趨下跌。
在形成復合頭肩型的初期，因成交量可能不規則，使型態難以辨認，但稍久就很容易看出它和頭肩型的趨勢完全一致。
許多人都高估復合頭肩型態的預期上升（或下跌）威力，其實復合頭肩型態的力量往往較普通的頭肩型態為弱。在中期性趨勢出現時，復合頭肩型態完成其最少升幅（或跌幅）便不再繼續下去，而普通頭肩型態的上升（或下跌），往往是較其量度出來的最蓨幅度為大的。
3．要點提示
（1）復合頭肩型態的最少升帽/跌幗量度方法和普通的頭肩型態的量度方法一樣。
（2）復合頭肩型態的頸線很難畫出來， 因為每一個肩和頭的回落部分（復合頭肩底則是回升部分），並不會全都落在同一條線上。因此，應該以最明顯的二個短期低點（復合頭肩底則是短期反彈高點），連接成頸線。另外又或是以回落（或反彈）到其價位次數最多的水平接連戍頸線。
反轉形態——單日（雙日）反轉
1．型態分析
當一隻股票持續上升一段時間，在某個交易日中股價突然不尋常地被推高，但馬上又受到了強大的拋售壓力，把當日所有的升幅都完全跌去，可能還會多跌一部分，並以全日最低價（或接近全日最低價）收市。這個交易日就叫做頂部單日反轉。
兩日反轉就是這型態的變形。在上升的過程中，某交易日該股股價大幅扳升，並以全日的最高價收市。可是翌日股價以昨天的收市價開盤後，全日價格不斷下跌，把昨日的升幅完全跌去，而且可能是以上日的最低價收市。這走勢的表現就稱之為頂部兩日反。 同樣在下跌時，某個交易日里股價突告大幅滑落，但接著的一個交易日便完全收復失地，並以當日最高價收和市，這就是底部兩日反轉。
2．市場含義
我們以底部單日反轉為例，解釋這現象出現的成因。
在下跌的階段中，由於股價不斷下跌，愈來愈多的投資者沒法承擔更大損失，於是止蝕沽出。他們的沽售令股價進一步推低，更低的價格使他們更急於沽出，因此令到當日價位急速下跌。當他們沽售完畢之後，拋售壓力突告消失，其他投資者因為新低價的引誘而嘗試買人，馬上就獲得利潤，於是有更多的投資者加進買入的行列，由於較早時沽盤已全被消化，因此買盤很快便推動股價上升，把當天跌去的價位全部升回。
單日反轉型態的市場含義至少有兩點：
（1）大市暫時見頂（當頂部單日反轉出現），或是見底（當底部單日反轉出現）。頂部單日反轉通常在消耗性上升的後期出現；底部單日反轉則是在恐慌性拋售的末段出現。
（2）這並非是長期性趨勢逆轉的訊號，通常在整理型態的頂部中出現， 雖然亦可能在長期性趨勢的頂點（或底點）出現。
3．要點揭示
（1）單日反轉當天，成交量突然大增，而價位的波動幅度很大，兩者較平時都明顯增大。如果成交量不高或全日價格波幅不大，型態就不能確認。
（2）當日股價一、二個小時內的波動可能較平時三、四個交易日的波幅更大。頂部單日反轉時，股價開市較上個交易日高出多個價位，但很快地形勢逆轉過來，價格迅速以反方向移動，最後這一天的收市價和上個交易日比較幾無變化。底部單日反轉情形則是完全相反。
（3）一般在臨收市前15分鍾，交投突然大增，價格迅速朝反方向移動。
（4）二日反轉的成交和價位，兩天的波幅同樣巨大。頂部二日反轉第二個交易日把前交易日的升幅完全跌去；而底部二日反轉則完全升回前交易日的跌幅。

譯文：
Reversal pattern - at the end of the first shoulder
1. Pattern analysis
The top of the head and shoulder shape, form just a part of it the other way round, also known as the "back-shoulder turn." The formation of the left shoulder, fell, the relative increase in volume, followed by a sub-rose a smaller volume. Then stock prices fell again and fell below the previous low trading volume decreased with the increase again, stage a rebound over the left shoulder of trading for more than - the formation of the head; from the lowest point in the head picks up again, the volume may增加. The head of the entire volume, for more than the left shoulder.
When the stock price back up to previous high-point rebound, the third drop, then the volume is less than clear in the head and left shoulder, stock prices fell in the left shoulder level, the decline will stabilize the formation of the right shoulder.
Finally, the formal launch a stock rally, and accompanied by a substantial increase in turnover, when the neckline to break through resistance, closing up more significantly, the whole pattern will be set up.
2. Meaning the market
Shoulder at the end of the first analysis of the significance and there is no difference between head-shoulder top, it tells us that the last of the long-term trend has been reversed, once again the share price fell for the second time low (head) is obviously higher than that of the previous low for a , But quickly rebounded by U-turn, followed by a stock price down at the end of last fall's low level of support and has been picked up, reflecting the strength of bullish market is graally changing in the past to the light of the situation. When two of the rebound high resistance line (neckline) after the break, showing the good side is completely knocked down the short side, the seller instead of buyer complete control of the market as a whole.
3. Prompted the main points
(1) head-and-shoulders top of the shoulders and head almost at the end of the shape of the main difference is that the volume side.
(2) head-shoulder neckline at the end of a breakthrough, is a true buy signal, while stock prices and the lowest point of comparison, the rate has been rising for some, but the rally has only just begun, yet that investors should continue to buy into the recovery. At least a measure of the increase is the lowest in the head from a vertical line stipple intersect at the neckline, right shoulder and then break through the neckline is starting to measure up the same height, the unit is Liangchu prices will rise The minimum rate.
In addition, when the neckline break through resistance, must cope with the sharp increase in trading volume, or else it could be a breakthrough in the wrong. However, if after a breakthrough in increasing turnover, patterns can be identified.
(3) In general, the head-and-shoulders pattern at the end of relatively flat and therefore require a longer time to complete.
(4) in the neckline after breaking up may be a temporary fall, but should not be lower than the back line. If you fall below the neckline, or the level of stock prices in the neckline down, unable to break through resistance at the neckline, but also fell below the head, which may be a failure of the shoulder at the end of the first type.
(5) at the end of the first shoulder is a very powerful prediction of one of the patterns, if confirmed, would be more than most of the increase in the minimum increases.
Reversal patterns - the first complex shoulder -
1. Pattern analysis
Composite is the first head-shoulder-shoulder (or head-and-shoulders top in the first shoulder at the end of) the movement of deformation, the shape of the head and shoulder style is very similar, only the shoulder, head, or both appear more than once, by and large, can be Divided into the following categories:
(1) a-shoulders pattern: one in the first two were the same as the size of the left shoulder and right shoulder, around shoulders more or less balance. Many 1 pair of right shoulder, right shoulder in the formation of the first, did not immediately share price fell below the neckline, but rose, but the rebound was limited to the right shoulder high, the final share price trend to continue along the original Down.
(2) more than 1-shoulders pattern: the first shoulder-General has the tendency to symmetry, so when the two form a left shoulder, likely will have a shoulder. In addition to the volume, the graphics left and right almost equal to the Department.
(3) more than shoulder-long pattern: the formation of the head, the share price has rebounded, but picked up last time to the same high level drop down to form a clear head and the two can also be referred to as the trend of two-shoulders . It should be pay attention to: the second volume in the head more often the first rection.
2. Meaning the market
Complex head-and-shoulders pattern analysis and common sense in the first-shoulder patterns, when in the bottom appears, that means a longer-term or city around the corner; if in the top of the shows that the market will be turned down.
In the complex formation of the first type of shoulder early, as a result of irregular trading volume may make it difficult to identify patterns, but little for a long time and it is easy to see head-and-shoulder type of exactly the same trend.
Many people have over-estimated the complex head-and-shoulders pattern is expected to rise (or fall) might, in fact, the first shoulder complex patterns of force is often worse than the common head-and-shoulders pattern for the weak. In the medium-term trend, the composite shoulder in the first of its type completed at least increase (or decrease) will no longer continue, while the general head-and-shoulders pattern of rising (or down), is more often the measure out of range for most Xiu Big.
3. Prompted the main points
(1) head-and-shoulders pattern of the compound or at least cap / or measurement of Chung and the general head-and-shoulders pattern measuring method is the same.
(2) composite head neckline of the shoulder pattern is difficult to draw, because each of the shoulder and head down the part of the (shoulder at the end of the first compound is part of the pick-up) will not all fall on the same line. As a result, should be the most obvious short-term low of two (shoulder at the end of the first compound is a short-term rebound high), to connect into the neckline. In addition to or down (or bounce) to the price of its highest number of successive level of garrison neckline.
Reversal patterns - in a single day (two days) inversion
1. Pattern analysis
When the stock continued to rise for some time, in a stock transaction Japan suddenly pushed unusually high, but once again be a strong selling pressure, the day all the increase in the total losses are, or may be more a part of , And the lowest full-day (or near-full-price) to close. This day is called at the top of the one-day reversal.
Two days is to reverse this pattern of distortion. The rise in the course of a trading day stock price back up sharply, and full-time highest closing price. But the next day's share price yesterday to the closing price after the opening day price drop yesterday to increase the total losses, and may be more than the lowest closing date. This trend on the performance of the two-day anti-called top. Also in the fall, a trading day, a significant decline in the stock price will break, but then one day be completely recovered ground, and the highest price on the day and closed the city, which is at the bottom of the two-day reversal.
2. Meaning the market
We have to reverse at the bottom of the one-day, for example, to explain the causes of this phenomenon.
In the fall of the stage, because of falling stock prices, more and more investors can assume a greater loss, then stop loss selling. Selling them to further push down the stock price, lower prices so that they had sold more anxious, As a result, the price on the day decreased rapidly. When they are selling after the selling pressure on the sudden disappearance of other investors because of the new low-cost and try to lure people to buy, make a profit immediately, so that more investors buying added to the ranks, as the earlier selling Has been completely digested, so buying soon push up stock prices, the price fell on the same day or full back.
One-day reversal patterns of the market meaning that at least two points:
(1) market peaked for the time being (when the reverse appears at the top of the one-day) or bottom (when the reverse appears at the bottom of the one-day). Inversion is usually at the top of the one-day rise in the consumption of the late; at the bottom of the one-day reversal is in panic selling emerged in the last paragraph.
(2) This is not a long-term trend reversal signal, usually finishing in the top of the pattern emerged, though is also likely to have long-term trends point (or the end point) occurred.
3. Revealed the main points
(1) one-day reversal on the same day, the sudden increase in volume, while the price fluctuations of the two are obviously increased than usual. If the volume is not high or full-price volatility is not that type can not be confirmed.
(2) share price on the day an hour or two of the fluctuations could be much three or four trading days of greater volatility. At the top of the inversion in a single day, the stock price than the market opened on the last trading day higher than the price, but quickly reversed the situation, the rapid price movement in the opposite direction to the end of the day closing price and the last trading day compared with a few No change. At the bottom of the one-day reverse the situation is exactly the opposite.
(3) general in the provisional 15 minutes before the close of trading the sudden increase in price rapidly moving towards the opposite direction.
(4) on the 2nd and reverse the transaction price, the same two days of great volatility. At the top of the inversion on the 2nd day of the second trading day prior to the increase in total losses; on the 2nd and at the bottom of the inversion is entirely up to the trading day before the fall.

2. 四環醫葯控股集團的集團概況

2001年海南四環醫葯有限公司的創立，標志著四環醫葯集團快速發展的起點。公司創建初期以市場營銷為先導，其後創建海南四環心腦血管葯物研究院，使市場開發和新產品研發並進，企業得以快速發展。之後通過收購、兼並等資本運作手段，進一步完善產業鏈，先後將北京四環制葯、深圳四環醫葯等企業納入四環醫葯旗下，發展成為集研發、生產和銷售於一體的集團化醫葯企業，2006年4月四環醫葯控股集團在Bermuda注冊成立，並於2007年3月在新加坡成功上市。
發展至今，四環醫葯集團已擁有雄厚的研發實力、優質的產品結構、完善的生產管理體系，並以獨特的營銷模式和專業化的服務，在中國心腦血管葯物市場領域取得了領先的地位，贏得了社會各界和消費者的廣泛贊譽，樹立了「四環」專業化的品牌形象。
「四環」商標已在美國、歐盟、新加坡注冊成功。
經 營 理 念------------合 作 與 共 享
企 業 宗 旨--------致力於健康產業，為社會創造價值，為員工提供發展，為股東創造財富。
企 業 精 神-----------倡導創新力、學習力、執行力。
企 業 定 位----------專注於心腦血管葯物領域，矢志成為最具競爭力的心腦血管葯物研發、生產、營銷一體化的國際性企業。
四環醫葯10年10月27日晚在港交所公布首次公開募股（IPO）招股結果,以招股價的上限每股4．6港元定價。此次四環醫葯全球發售12．5億股,凈集資額約為55億港元。 四環醫葯公告顯示,此次IPO香港公開發售和國際發售最終各佔一半,即6．25億股。
據介紹,本次四環醫葯IPO所得約55億港元中,30%將用於尋找適當目標公司或業務並進行並購,20%用於研發,15%用於擴展現有產品組合或生產線,15%用於建設廊坊和北京的兩個生產基地,10%用於加大銷售和分銷力度,剩下10%用作營運資金及一般公司開支。
公布招股結果,表明四環醫葯完成此次IPO的關鍵一步,也意味著索羅斯控制的量子基金確定成為四環醫葯IPO的六大基礎投資者之一,這六大基礎投資者合計斥資約14．74億港元認購。除量子基金外,其他五大基礎投資者包括中國人壽險（海外）、希爾豪斯資本管理公司、惠理基金管理公司、阿里巴巴集團主席馬雲和投資人虞鋒創立的雲峰基金,以及建銀國際資產管理有限公司。 港股股份數目 5,000,000,000股 主席 車馮升 主要持股人 車馮升 董事 徐康森(獨立非執行董事) 白慧良(獨立非執行董事) 辛定華(獨立非執行董事) Eddy Huang(非執行董事) 孫弘(非執行董事) 張炯龍(非執行董事) 孟憲慧(執行董事) 郭維城(副主席) 郭維城(執行董事) 車馮升(執行董事) 車馮升(主席) 公司秘書 魏偉峰;蔡耀忠 注冊辦事處 Clarendon House,2 Church Street,P.O. Box HM1022,Hamilton HM DX,Bermuda 公司總部 香港中環皇後大道中15號置地廣場告羅士打大廈8樓 股份過戶登記處 Codan Services Company Limited Clarendon House, PO Box HM, 1022 Hamilton HM DX, Bermuda 香港中央證券登記有限公司香港灣仔皇後大道東183號合和中心17樓1712-1716室 核數師 羅兵咸永道會計師事務所 主要往來銀行 中國工商銀行股份有限公司(海口世貿支行);交通銀行 法律顧問 諾頓羅氏律師事務所;Paul, Weiss, Rifkind, Wharton & Garrison;海問律師事務所;Conyers Dill & Pearman