Hi,
Long story short, technically the price of EQNR has started to approach an interesting price level. A lot of criteria are matching and from my point of view, those who have waiting for an opportunity to jump in then you can slowly start building your position. Obviously, after you have done your homework about fundamentals - this, what I share here, is...
Equinor is showing clear signs of Elliott Wave structure from it's ATH.
Tracking this as wave 4 still in progress, and will be looking for a correction of this downtrend upon completion of the fifth wave.
All in all, a simple roadmap on what to expect for the rest of the year.
Last two times Equinor hit this upper trendline on the monthly it was send down the bottom of the wedge. I will be watching the stock over the next few months to determine wether it is returning back down to the bottom or maybe has the strength to break out of this wedge and go for the target at around 43 NOK.
Hi,
Equinor ASA (Norway) , an energy company (lately renewable electricity also), explores for, produces, transports, refines and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally.
Break above the downwards trendline, break above the strong horizontal price zone.
Break confirmed and we can enter around...
Hi,
Strong support around 115 - 130.
Technical criteria:
1) Historically the third strong rejection from the round number 100
2) Rejection from the Fibonacci retracement level 62%
3) Historically strong support area
4) 50% drop from the recent top acting as a support
5) The trendline
Regards,
Vaido
Hi,
Equinor ASA , an energy company, explores for, produces, transports, refines and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally.
Fundamental pros:
1. Trading below its fair value.
2. Good PE and PEG ratio.
3. Earnings are forecasted to grow.
4. A lot of insider buying.
Technical pros:
The...
Any thoughts on this scenario? would P1 and P2 qualify as double peak (supposedly a bullish formation), and is it in your opinion consistent with the later emerging upward trend (double channel)?
As I understand it, a prerequisite for a bullish development is the high traded volume at Peak2 (bottom).
Any opinions and contributions much appreciated!
Based on the example explained in the Tradingview Wiki for Spread Charts (www.tradingview.com).
Pairs trading involves trading two separate instruments simultaneously in order to execute a single trade.
Pairs trading is a popular way to alleviate some of the risk of trading. The idea is that you find two highly correlated symbols (or two very lowly correlated...
