EOG Buying Opportunity on Next Pullback
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 trend support. I think if it can pull back between the 42.22-48.93 levels with a lower RSI/CCI, it'll be a long for me.
I used a Fib Channel to show the trend support. I think if it can pull back between the 42.22-48.93 levels with a lower RSI/CCI, it'll be a long for me.
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