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EOG Resources Trading Analysis (18/12/2023)

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, and the Stochastic Oscillator signals the oversold state.

EOG Resources, Inc. stock price chart as of 18/12/2023 with technical indicators

Trading idea:

Buy at 121.20.

Stop-loss at 116.70.

Target price levels are at 125.80 and 135.00.

#eog #stock #stocktrading #tradingstrategies #tradingmt5

Author: GC
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