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.
