CFD Trading – Buy CNOOC (0883.HKE) at $9.84. Stop at $9.40 and Target at $10.90.

CNOOC   Stock Code 0883.HKE


Price managed to stay within the cloud, keeping the uptrend intact. It rebounded from the lower boundary of the cloud support. Conversion line is moving higher and we are likely to see a bullish conversion and base lines crossover in the coming session. MACD is bullish and a bullish crossover is likely as well. These could increase chances of the stock price moving higher.


$9.84                 Buy

$10.90                Price Target

$9.40                 Risk Management Stop

2 weeks             Trade Duration

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