Dec. 19 at 3:31 PM
Actionable Trade Alert for
$EOG:
Market Context:
$EOG is currently trading at
$102.61, below its 30-day moving average (MA30) of
$107.95 and 50-day moving average (MA50) of
$107.57, indicating bearish sentiment. The RSI at 39.59 suggests the stock is nearing oversold territory, which could lead to a potential reversal.
Directional Bias: Given the current price is close to the 60-day low of
$101.69, there is a possibility of a bounce back towards the 60-day high of
$119.20. The ATR of 2.69 indicates moderate volatility, allowing for significant price movement.
Trade Plan:
- Suggested Entry:
$102.61
- Stop Loss:
$100.00 (approximately 2.55% below entry)
- Take Profit Targets:
1.
$107.00 (approx. 4.6% ROI)
2.
$112.00 (approx. 9.1% ROI)
3.
$120.00 (approx. 17.0% ROI)
This plan offers a balanced risk-reward profile with potential for over 17% ROI on the third target.
https://privateprofiteers.com
