- Range trading - Playing Support and resistance - Safe entry will be once the level 134.4 breaks Entry Level(Buy Limit): 103.54 Stop Loss Level: 93.89 Take Profit Level 1: 113.19 Take Profit Level 2: 122.84
Reasons for bullish bias: - Price has made double bottoms - Entry is at neckline breakout for confirmation - Entry is also above strong weekly Support turn resistance, if it breaks we will have more points on our side Entry Level(Buy stop): 117.79 Stop Loss Level: 108.15 Take Profit Level 1: 127.43 Take Profit Level 2: 132.34
NYSE:EOG , Long, Bought, TP > 15%, P/L=4/1 Good luck everyone!
Price has climbed back inside the trend lines, expecting upside. Areas plotted to look out for, combined with daily and weekly moving averages.
The oil price also rose nearly $2 under the stimulus of data, reaching a high near $77. On the 30-minute chart, oil underwent a wave of pullback after consolidating near 76.6, and its current position is the previous consolidation level, which has some resistance but not strong. The short-term strong resistance should be around 77.4. From a technical...
Enter: Market Price Take Profit: 127.02 (7.63%) Stop Loss: 112.09 Price is bouncing off a strong support zone
Looking at the EOG Resources options chain ahead of earnings , I would buy the $125 strike price Calls with 2023-3-17 expiration date for about $2.60 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. Looking forward to read your opinion about it.
A chart pattern formation completion upon price movement upward Third peak must be established Price has cleared 1.618 of a downtrend circle Bars pattern is price speculation Weekly Chart
Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The stock EOG displayed 2 bullish instances over the last couple of months. The first occurred during July to September 2021 where the stock made a reverse head and shoulders chart pattern. The completion of this move took EOG back above its long term trend. The 2nd instance materialized when...
Looks like EOG has made a cup & handle formation with a breakout and retest of the neckline could be a good opportunity here to ladder into a long position with a stop loss below the neckline
Black Gold finally broke out from the 3 month cup handle pattern as mentioned last week! Although weekly chart was showing bearish, it was a bullish flag because the lows never broke. This week the momentum continues upward possibly in a big way. Extremely Bullish! Once it breaks 56.75, 59 will be the next target. XOM, SLB, NOV are yummy plays.
Chart self explanatory #shariahcompliant #undervalued