EOG Resources Breaks Down from Double Top – Bearish OutlookEOG Resources, Inc.BATS:EOGpeace_lover1. Double Top Breakdown EOG Resources has recently broken down from a Double Top pattern. This signals a bearish reversal after failing to sustain at higher levels. 2. Volume Surge Confirmation The breakdown was supported by a volume surge on the 2nd last trading day. Increased selling pressure adds conviction to the bearish move. 3. 200D SMA Rejection The stock recently tested the 200-Day Simple Moving Average (SMA) and reversed from it. This indicates strong resistance at that level and aligns with the bearish bias. 4. Price Target Based on technical setup and momentum, the next downside target is projected at 114.5. 5. Technical Confluence Breakdown from a Double Top formation. Strong volume surge confirming the selling pressure. Reversal from the critical 200D SMA resistance. All factors point toward continued downside momentum.