STOCKWATCH: CNOOC to maintain short-term consolidation

China National Offshore Oil Corporation (0883) failed to sustain the rebounding
 trend of yesterday this morning and retreated to consolidation along with the
 broad market after the closing. As reflected in charts, it is now re-testing 
the support at the 10-day and 50-day MA lines and is expected to test the
 resistance gateway of HK$8 at the late session if it can finally keep it. If 
lost, it would test the lower support of HK$7.2. Short-term investors should

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