EOG Resources Trading Analysis (12/12/2023)

The trend is, overall, ascending. The stock is traded in the range between 365 and 135 moving averages. The downward wave structures are truncated. There is bullish divergence on the Awesome Oscillator.


Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches 120.50 (pivot 2 of the wave C)

Stop-loss at 117.40.

Target price levels are at 125.80 and 135.00.

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