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Friday, September 11, 2009

Cnooc

Cnooc Daily Chart

I have been watching Cnooc (0883.HK) for weeks. Daily chart indicates a breakout from a triangle. Good breakout volume.

Cnooc Weekly Chart

Weekly chart shows that the trend is up. This one may run up to HKD13.00.

Disclosure: Long in Cnooc warrant.

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