CFD Trading – Buy CNOOC (883.HKE) at $8.50. Stop at $8.15 and Target at $9.20

CNOOC   Stock Code 0883.HKE


The outlook of this stock is positive as price is trading above the cloud. Price closed with a gap up yesterday, showing an increased in upward strength. There is also a bullish Conversion and Base lines crossover that hints at potential upside ahead. The Lagging Span is above the cloud and the price of 26 days ago, confirming the bullish trend. The MACD is still bullish and is moving higher. We are likely to see price continuing its upward momentum to move higher.


$8.50                 Buy

$9.20                 Price Target

$8.15                 Risk Management Stop

2 weeks              Trade Duration

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