Trading Idea for CNOOC (HKEX)

#CNOOC
The descending wave patterns are truncated. The support level of 7.57 holds back sellers. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator indicator signals oversold conditions.

Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated pattern.
Stop Loss under the support level is 7.57.
The first target is on the test of the inclined channel of the main descending wave pattern. The second target is at the resistance level of 9.24.