EOG Resources - uptrend followed by triangle
Considering trading EOG Resources. The stock is in a nice uptrend, followed by a 2.5-year flat correction forming a triangle. Placing a buy order at $123.80 - close to the triangle's lower boundary. This is on a monthly chart, so patience is key. Will cut losses if the price drops below the triangle's lower band.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.