EQT presents an interesting opportunity. After bouncing strong off its support near $48-49, we’re now pushing up into a resistance zone around $54-$56. If this zone yields, a clean breakout could spark a nice rally.Key risks: if we fail to break resistance, a pullback is likely, possibly testing $50 or lower. Also, given energy sector volatilities and macro headwinds, momentum will depend heavily on natural gas fundamentals and overall market tone.
Not financial advice trade with proper risk management.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.