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CNOOC Trading Analysis (14/08/2024)

14.08.2024

Market Review

The trend is ascending. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator. The breach of 20.36 will start the formation of the ascending wave structure.

Trading idea:

Buy at the breach of 20.36.
Stop-loss at 18.70.
Price targets at 22.14 and 23.50.

#cnooc #stock #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC

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