Technical Forecast | CNOOC-R (80883.HK) had a bullish advantage yesterday, with short-term volatility risk increasing
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Yesterday, CNOOC-R's daily MACD formed a golden cross, with the indicator above the zero line, creating a clear signal dominated by short-term buying. Multiple short-term moving averages continue to maintain a bullish arrangement, especially the 5-day moving average, reflecting that market capital sentiment remains high. It is important to note that the current price level is approaching the upper Bollinger Band, and momentum indicators such as KDJ and CCI are significantly overbought, suggesting that the concentrated influx of short-term funds has brought a thin margin of safety
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