EOG | Continued stock growth- Timeframe: Weekly
- Trade type: Buy stop order
- Price: 135.22
- Take Profit: Open
- Stop Loss: 129.93 (-3.90 %)
Idea: Long on a breakout above last week's high - bullish momentum continuation.
Entry: Buy stop above last week’s high.
Stop-loss: Below the low of the same candle.
If the weekly candle closes below this level, the trade is invalidated.
Take Profit: Trailing stop following the lows of new weekly candles.
Eogresources
EOG : Darvas Box BreakoutEOG Resources is showing Darvas Box Breakout on a straight rally... we can wait to retest and take the advantage of the breakout.
All data is available in public domain..
CMP : 138
TG : 160
SL : 124
Stock's selection based on 5 Point Analysis:
1: Idea : Darvas Box Breakout.
2: Support : Volume.
3: Technical : 21/55/200-EMA, Super trend up, RS>0 RSI.
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on Daily chart.
Disclaimer : It is my pe
EOG Resources: Energy stratLongterm charts 1W/1D suggests market is transitioning into a trending phase as indicated by candle situation and MACD indicator, bulls momentum need to strengthen for longterm security but the foundation is there.
Shortterm charts 4h/1h/15m indicate bullish energy is sustainable but needs more momentum, positive side is trend time for bears is getting shorter and shorter which allow bulls to strengthen. Market express ability to sustain at minimum effort, may see some pullback but would not w
EOG Resources Options Ahead of EarningsLooking 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.



