PetroChina gapped up on open, and I will not chase. Ezion, also an oil and gas play is my next target.
For:
1. Bullish engulfing
2. Reentering its uptrend channel
3. Stochastics bouncing from oversold region
Against:
1. Sideways market
Plan:
Buy 10 lots at 0.77
Key levels:
0.86, 0.89 (resistance)
0.67, 0.70 (support)
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