CNOOC Limited (1D): Bullish trendI 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.
