EOG Resources, Inc. (NYSE) analysis, chart, and trading idea

#EOG
 

The overall trend is ascending. The stock is traded in the range between 365 and 135 ЕМА near the lower boundary of the ascending price channel. The downward truncated wave structure formation finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator.

Trading idea:

Buy at the breach of 130.00

Stop-Loss support level: 121.15

Target price levels: 144.50; 149.10