STOCKWATCH: CNOOC much sought after for short-term

HSI Services announced yesterday that China National Offshore Oil Corporation (0883) is included into the HSI constituent. Stimulated by the news, the stock sustained the rally this morning and may witness absorption from Tracker Fund of HK and funds managers in the near future. Expected to maintain the strong momentum in the foreseeable future, it will most likely overcome the recent resistance stance of HK$8 and test the high-stance resistance of HK$8.5-8.7. Investors can make speculative buying and bet on short dealings. Supporting

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