Despite the down move, EOG still seems in an uptrend (RSI moves between 40 and 80 and higher low). Price dipped below 40 at a previous demand level. Price is at a supply level now and needs to break that supply level to move higher. Divergence is suggesting a higher price move.
First target is 2.88. We'll see how this works out...If price breaks 2.95 we should see a higher price.
On the contrary... if price breaks the previous demand level, we might see a drop in price and a close of the gap at 1.15
I am long and this is my point of view, but I can be be totally wrong of course...
First target is 2.88. We'll see how this works out...If price breaks 2.95 we should see a higher price.
On the contrary... if price breaks the previous demand level, we might see a drop in price and a close of the gap at 1.15
I am long and this is my point of view, but I can be be totally wrong of course...
Trade closed manually:
Took enough profit out when the price was 2.88. Closed the position after todays new release. The gap if filled, but there is still a small gap at 0.85 which also seems to be at a support level. I'm keep an eye on the share price before I step in again.
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