EQT seems near to the completion of this potential WXYXZ correction. If it breaks this rising channel i'm expecting an impulsive wave down.
kmi reporting this week, big catalyst. call buyers there, maybe some love for EQT will come around..
LT trend intact, call buyers came in, bullish natty gas
Sorry for the messy chart :) NYSE:EQT
$EQT is in a bearish consolidation pattern. A bearish setup with a multiple time frame resistance has setup now.
see notes below-percent r bottom-obv negative-aroon crossed
EQT is at a support level (lower channel), will be watching closely for a bounce to go long (shares or calls)
Jason Chase had an amazing set up this morning and missed it. Looking to short the retest. I'll cancel if it doesn't trigger in 36 mins.
The prevailing since May downtrend is accelerating.
Remember that its easier to join the trend rather than fighting it. To play long (with the trend in this case) on a positive news release: make sure enough relative volume came in on the initial spike let it pull back to vwap then buy it with high of the day as potential target only if the risk/reward makes sense (3to1 at least)
I'm looking for a short on that one because i'm very bearish on M1 so i'm observing what will happens with this triangle babe on the STO
- Break in the RSI Ascending Wedge=> Pullback on the RSI wedge - STO bounced back on a resistance
Today's price action is indeed worrisome and the inside bar is a weakness, but in general, there is a bullish rounded bottom that has formed last few weeks. The Rounded Bottom represents a slow and gradual reversal of the trend from down to sideways to up. Volume diminishes near the bottom as the stock trades within a range and finally bursts as investors become...
Seems like a short term downtrend for this stock, there is a downtrend present and it would be a good idea to short at the pullback area of this downtrend.