Today is expiration of Jun futures contacts for WTI supply. Hence there is one more chance that gas giant EQT make some speculative move on US oil producers default risk. Pray the devil for oil collapse :3
The idea is that EQT shares are going to retest recent highs as the oil crisis isn't over. I have some fundamental evidence for it to happen:
1. US oil companies under pressure as there is lack of demand. Recent decades where the booming time in oil production. So there are many medium oil companies. They were investing in expansion. However, the expansion is not...
After rally from $5, it is consolidating now and loosing its power. $12.76 and $11.40 are the supports
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EQT Corp. engages in natural gas production, gathering, and transmission in the Appalachian area. The EQT Production segment focuses on the exploration, development and production of natural gas, natural gas liquids and crude oil. The company was founded in 1888 and is headquartered in Pittsburgh, PA.
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Big pictrue of fundamental analysis and technical analysis. market is stadely rising, because it is cristmass time it is expected that market will still rising. breath is on uppoer peaks, but have still room for a few days. vix is approaching very low levels below 14.
Write sometning about your psyhology thinking before trade? too fool of food but stady
Describe...
NYSE:EQT price made a bullish close over the conversion line on a huge volume spike. This is a bit of a bottom fishing expedition with less risk of success, as there’s overhead resistance in the form of the base line and cloud. Entry is just above Friday’s high, with protective stop just below the low.
Check out the chart it's pretty clear. EQT is looking at low of lows. It appears like it's creating a new upward trend. Entering here for a bounce to the upper trend line. Hit that like button if you agree. Cheers & happy Thursday!
$EQT is one of the largest pure play natural gas producers in the world and has been consolidating in a long base for 3 months printing higher lows. Insiders are snapping up shares. Several large hedge funds are building positions and pushing for constructive changes to boost shareholder value.
Hedge Fund Manager D.E. Shaw Supports Shake-Up At EQT
12:39 PM ET,...
