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4 oil and gas stocks (HKEx) that woke up with a bang in 2018

Price rally with high volume is a ‘killer sign‘ indicating that there is a lot of market participation in the rally.  This is taking place in conjunction with WTI’s break above 3-year high.

These stocks here could be easily picked out with a stock scanner that looks for high volume or 52-week high.

 

Anton Oilfield (03337.hk; ‘Petroleum & Gases Equipment & Services) – new 2-year high with highest volume over duration of this chart. Price pattern between mid-2015 till end of last year also resembles a double bottom chart pattern.

Anton Oilfield monthly chart mid-2012 - present

Anton Oilfield monthly chart mid-2012 – present

 

Sinopec Corp (00386.hk, ‘Petroleum & Gases’) – new 2-year high.

Sinopec monthly chart mid-2012 - present

Sinopec monthly chart mid-2012 – present

 

Hilong (01623.hk, ‘ Petroleum & Gases Equipment & Services’) – 10-month high with high volume.

Hilong monthly chart mid-2012 - present

Hilong monthly chart mid-2012 – present

 

Hong Hua Group (00196.HK; ‘Petroleum & Gases Equipment & Services’) – new 52-week high on high volume.

Hong Hua monthly chart mid-2012 - present

Hong Hua monthly chart mid-2012 – present

Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’. Operates multiple strategies.

“Dear reader, I do not have a financial license to give advice. I do not know you the reader. Your financial objective and risk tolerance may be different from mine. I am not responsible for any consequence of your action.

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