PetroChina Company Limited (HKG:0857) Protested by Myanmar Nationals

PetroChina Company Limited (HKG:0857) Protested by Myanmar Nationals

PetroChina Company Limited (HKG:0857) Protested by Myanmar Nationals PetroChina submitted a development plan of Block 58, in Peru, to state energy agency PeruPetro. The plan calls for drilling 60 wells in six years to tap the 3.9 Tcf gas reserves in the block. The uncertainty lies in the gas pipeline construction, which was suspended as […]

PetroChina (HKG:0857) Possible Price Correction Towards 5.25

PetroChina (HKG:0857) Possible Price Correction Towards 5.25

PetroChina (HKG:0857) Possible Price Correction Towards 5.25 Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are ranging. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 5.25. The projected upper bound is: 5.11. The projected lower bound […]

PetroChina (HKG:0857) Bullish Divergence

PetroChina (HKG:0857) Bullish Divergence

PetroChina (HKG:0857) Bullish Divergence   Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 5.33. The projected upper bound is: 5.43. The projected lower bound is: 5.01. The projected closing price is: 5.22. Candlesticks A black body […]

PetroChina Company Limited (HKG:0857) 中國石油股份 Trading Outlook

PetroChina Company Limited (HKG:0857) 中國石油股份 Trading Outlook

PetroChina Company Limited (HKG:0857) 中國石油股份 Trading Outlook PETROCHINA closed up 0.130 at 5.720. Volume was 17% above average (neutral) and Bollinger Bands were 35% narrower than normal. Open High Low Close Volume___ 5.640 5.760 5.590 5.720 108,627,224 Technical Outlook Short Term: Overbought Intermediate Term: Bearish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 5.43 […]