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Trading idea for CNOOC Limited (HKEX)


#CNOOC

The general trend is ascendant. The descendant wave structure has finished breaching the inclined channel. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. A breach of 10.07 will cause an ascendant wave structure to form.

Trading idea:

Buy when level 10.07 is breached.

Stop-loss: 9.26.

Target levels: 10.80; 11.80.

Author: GC
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