Pre-market trend | CHINA OILFIELD (2883.HK) on May 11, the oil service sector is surging with hidden currents, is the trend likely to continue?
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Yesterday's closing, CHINA OILFIELD had a trading volume of approximately HKD 57.47 million, which is considered relatively active in the oil service sector. The MACD daily line formed a golden cross above the zero axis, indicating that the previous upward trend has regained bullish momentum after consolidation, with phase buying gradually increasing. From recent trends, the stock price has maintained above the short-term moving average, showing a generally strong posture. On the news front, the energy sector has recently received strong catalysts from geopolitical factors
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