Analysis: A recent news "U.S. sanctions China’s CNOOC on drilling in disputed South China Sea." ---- Such news caused CNOOC (883) plummet for 20%. Margin positions shall be all kicked off by such volatility .
Entry: $7.6 a share could provide 10% dividends to stock holders, according to the record, so it would be a good pick.
Target: We look for $8.6 (The median of Monday price) or $9.4 within a month, and hitting $12 within a year.
Comment
⋅
After this trade, we have learnt - we should add a stop loss for every trade. For this deal, $7.3 (0.1$ lower than the previous low) should trigger stop loss. Managing the risk in such way.