CNOOC Limited (1D): Bullish trend
I believe CNOOC Limited is currently in price consolidation. After experiencing a downward journey lasting one and a half months, the stock has reached a strong support zone and is showing signs of reduced volume.
Entering at this level offers an attractive risk-to-reward ratio. If my analysis is correct, using the upper yellow line as an exit point would be the optimal strategy.
Feel free to share your thoughts! Wishing you success in your investments.
Entering at this level offers an attractive risk-to-reward ratio. If my analysis is correct, using the upper yellow line as an exit point would be the optimal strategy.
Feel free to share your thoughts! Wishing you success in your investments.
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High-dividend stocks, including CNOOC, have performed very strongly recently, and I believe stock prices will continue to rise!Note
I'm glad to see the stock price moving closer to our target. Of course, you can choose to take profits now or set your stop-loss at the breakeven level. Always prioritize managing your funds safely!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.