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Trading Ideas for Cabot Oil & Gas Corporation (NYSE) 14.12.2020

 #COG 

Support level 15.80 is holding back sellers. The descending structure was truncated and ended in breaking through an inclined channel. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicators crossed in the oversold range and directed upwards. 

Trading recommendations: 

Buy on the formation of an ascending structure - above 17.60. 

Stop Loss - 15.80.

Target levels - 20.27; 22.10.

 

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