Stabilizing above the 5-day and 10-day lines, but still constrained by the 20-day line at 27.492 yuan; consolidation after the rebound is not yet complete.

CNOOC's current price is 27.4, with initial signs of short-term stabilization, but overall strength has not fully returned. The share price rose from a previous low of 22.860, then peaked and retreated at 30.980. Recently, it has been consolidating in a range between 26.3 to 27 yuan. Although the stock is currently trading above the 5-day line at 26.696 and the 10-day line at 26.612, indicating improved short-term support, it remains capped by the 20-day line at 27.492, suggesting that it is still in the consolidation phase after the rebound.

From the market sentiment perspective, investors' views on CNOOC are quite divided. Some continue to hold based on its high dividend yield and income value, believing these shares are suitable for patient accumulation. However, others are disappointed with the stock performance, noting that when oil prices rise or the broader market rallies, CNOOC’s share price does not show a strong response, lacking short-term explosiveness. Many investors have also started paying attention to positioning before and after earnings, as well as whether the share price could retest the 30-yuan level. The Relative Strength Index (RSI) stands at 50.883, reflecting moderate short-term momentum—neither turning strongly positive nor showing extreme weakness. Meanwhile, the current price remains below the Bollinger Bands' midpoint at 27.492, indicating that the upward momentum has not fully recovered.

Therefore, the key issue for CNOOC at this stage is not whether a reversal has occurred but whether it can gradually evolve from sideways consolidation into an upward breakout. If it fails to break through 26.980, the share price will likely continue fluctuating within a range or even retest the support levels around 26.696 and 26.612. For short-term strategies, it is more appropriate to wait for confirmation of a breakout or observe buying power after a pullback. At current levels, the risk-reward ratio remains neutral.

CNOOC (00883) Deployment Focus: The current price of 27.32 yuan remains above 26.696 yuan, showing initial signals of stabilization. If it holds above 26.696 yuan, look first for a test of 26.980 yuan. A further breakout above 26.980 yuan could create opportunities to retest 27.492 yuan. However, if it breaks below 26.696 yuan, watch for a retest of 26.612 yuan, and further potential support near 24.957 yuan.

Strategy One | Conservative Deployment by Holding Support Levels

29920 | Strike price 25.9 yuan | Actual leverage 6.1x | At-the-money and already in-the-money, time decay pressure is relatively easier to manage; suitable for a stable follow-through deployment after securing support at 26.696 yuan

26984 | Strike price 25.9 yuan | Actual leverage 6.7x | Similarly an at-the-money product but with slightly higher flexibility; suitable for those expecting a mild upward movement after stabilization

24557 | Strike price 25.9 yuan | Actual leverage 6.1x | Balanced approach; suitable for short-term holding if not aiming too aggressively and prioritizing stability around the support level

$UBCNOOC@EC2611A.C (29920.HK)$$BPCNOOC@EC2611A.C (26984.HK)$$HSCNOOC@EC2611A.C (24557.HK)$

Strategy Two | Deployment following a breakout above 26.980 yuan

22559 | Strike price 28.9 yuan | Actual leverage 9.3x | Close to the upper target zone, strong breakout potential; ideal for entering after confirming a breakout above 26.980 yuan

22522 | Strike price 28.9 yuan | Actual leverage 9.6x | Higher leverage; suitable for amplifying short-term returns after a breakout, targeting a rapid push toward 27.492 yuan

22732 | Strike price 28.9 yuan | Actual leverage 9.5x | A high-elasticity momentum-chasing type; ideal for quick entry and exit after a clear breakout signal, avoiding premature entry

$UBCNOOC@EC2607A.C (22559.HK)$$BICNOOC@EC2607A.C (22522.HK)$$HSCNOOC@EC2607A.C (22732.HK)$

Strategy Three | Aggressive deployment testing 27.492 yuan after a breakout

26707 | Strike price 31.88 yuan | Actual leverage 6.2x | Higher out-of-the-money range; better suited for deployment after confirming strength, targeting further upside after consolidation

25501 | Strike price 32.18 yuan | Actual leverage 8.6x | More direct elasticity; suitable for aggressive follow-up when momentum continues after a breakout

26307 | Strike price 33.88 yuan | Actual leverage 8.6 times | A more aggressive late-stage deployment tool, suitable for those optimistic about the continuation of the upward trend and willing to tolerate higher volatility

$UBCNOOC@EC2611B.C (26707.HK)$$HSCNOOC@EC2609A.C (25501.HK)$$CICNOOC@EC2609A.C (26307.HK)$

Reminder: This article does not constitute any investment advice.

This article is for reference only and does not constitute any investment advice. The market data, opinions, and analysis contained herein may change at any time without prior notice. We are not responsible for any loss or damage caused by reliance on the information in this article. Technical analysis only shows whether certain technical conditions are met; a comprehensive assessment of asset performance should combine other data and should not solely rely on this article to make trading decisions. Please note that past performance is not indicative of future results. Follow Jenny's insights on Hong Kong stock warrants for more professional analysis.

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