The PEAD projected a Bullish outlook for $EOG after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 42.86%.
All the energy companies in NGRD, check out the peaks and now where it's headed...
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the ma line can_be 🐂, & under will be bearish Short to midterm . ~~N0 arrows. ~~ N0T trading Advise either +dyor
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the ma line can_be 🐂, & under will be bearish Short to midterm . ~~N0 arrows. ~~ N0T trading Advise either +dyor
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...
You can see very good upside potential for the stock. There is a breakthrough of a small inclined channel, you only need to secure it. An average growth of 13-15% can be expected. And for 2022, the oil sector is in the top growth for many investors. Also, the rise in oil prices for investment banks remains. From the point of view of a positive outlook, everything...
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
Earnings after market closes today. This moves with oil. Looks like they are expected to beat estimates, but even if they do, a lot depends on how well the news is received. Price is a ways above the 50 SMA. The 50,100 and 200 as well as the 20 are sloping up with bullish moving average crossovers noted. Appears to be a Bull Flag but a flag is a consolidation...
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the red fibo Level can_be 🐂, & under will be bearish Short to midterm . ~~N0 arrows. ~~ N0T trading Advise either +dyor pls
Looks like the energy sector is setting accumulation stage. Priming for breakout.
EOG has a strong level at the price of $67 and SMA200 is very close to the support level, it might be a good sign to open a long position. I'm waiting for the reversal action from the support level. If it holds I'll go long... NYSE:EOG
Earnings are tomorrow mid day. Negative volume is very high on EOG which can indicate smart money interest. EOG broke up from a symmetrical triangle and then became tied up in a bearish rising and narrowing wedge like most of this industry did for a while. Too much buying so supply and demand were interrupted. The 200 is sloping up so long term outlook is...
EOG is also forming a slow cup over the weekly time frame. EOG was in a rising wedge when I saw the flag a week or 2 ago. I hesitated because often rising wedges will win the battle over flags and ascending triangles etc. Anyway, EOG proceeded to break the bottom trendline of the rising wedge but appears to have recovered. This caused a throwback to the flag...
Possible Flag / Triangle Breakout Targets as per triangle breakout : T1 being top of triangle as indicated ( Achieved T2 being Height of triangle as indicated Overall possible move of $20
Possible Flag / Triangle Breakout Targets as per triangle breakout : T1 being top of triangle as indicated T2 being Height of triangle as indicated Overall possible move of $20
With the concentration/rotation into the energy sector, I am looking for names that have longevity and have survived market volatility similar to the financial crisis in the mid 2000s. With tons of FCF, increasing ESG programs, a recently declared "Special" $1 dividend, a lot of PT raises close to $100, I like EOG in this sector. I used a Fib Channel to show the...
Consolidating in a cup with handle patter after its most recent run of the 50 MA. E O G Resources Inc (EOG)- ENGAGED IN PRODUCTION/MARKETING OF CRUDE OIL AND NATURAL GAS IN THE U.S., CANADA, TRINIDAD, U.K. AND CHINA.