What does it mean for China Oil to fall below the issue price?

The meaning of China Petroleum falling below the issue price is as follows:

The mid-term bottom of the market is coming. At present, we have a mid-term rebound and a current position. Don't stifle the decline easily. The mid-term rebound will start at any time. Once the market volume is effectively enlarged, the market will touch the position of medium-term pressure of 4800. In the early stage of the rebound, it is likely to act as a pioneer in the rebound and drive the market out of underestimation. The mid-term rebound will last for 3 to 5 months. If the market falls again, choose the right time to cover the position.

The stock issue price refers to the stock issue price determined by a joint stock limited company when it issues shares. This price is mostly determined by the underwriting syndicate and the issuer through consultation according to market conditions. Because the issue price is fixed, it is sometimes called a fixed price. If the issue price is set low, it will not achieve the purpose of listing and financing, and it will lose the significance of listing. However, if the issue price is set too high, no one will want to buy it, so they will not be able to obtain capital. Therefore, according to the degree of market acceptance, referring to the market price of similar companies and considering various factors comprehensively, a compromise price is formulated, which not only meets the financing needs, but also can be accepted by the market.