All year EQT, an unloved natural gas producer has been a swing trader's paradise. I've harvested so many gains from these E-cutie trees I thought I'd make a thread just for it and post trading updates.
The macro technical picture is clear. Years of being battered by shorts ended with capitulation in 2020, followed by a swift rebound. Fundamentals are tightening....
Hey people, EQT CORPORATION is in a very important moment in its history we can witness a new historical high. It is in a fake downtrend with a low return on sales volume and a shooting star. In TIMEFRAME M1 we see a shooting star with a fake return of sales volume issued, it goes to its last low point. In order to fill its bullish breakout gap to make its swallow...
This is a weekly chart of Equitable Resources. 1st; It has broken a very long term down trendline. 2nd; there's a build up at the end of a 10 month range. 3rd; on the Daily chart, there's a "Eve & Adam" double bottom. Based on these chart pattern, I'm looking to go long when there's either a) a range on the Daily, which I'l look to enter at the low of the range...
it seems that eqt price head the power resistance line , there are 2 senarios
pass that line and go up
can not break that line and price go down
Note to everyone: this is not a signal to buy or sell
I just share my idea
So do your best by make best decision
I hope you have profit trade
I've been wrong before but this one looks juicy. I've had my eyes on it for 3 years. I'm not kidding. Take a look and let me know what you think. The idea is pretty basic but the gains look really attractive on her. Cheers
My idea is based on option volume and pattern analysis. According to options data from investing I see that on Aug 23 there is great volume of puts at 13. On Sep 18 main volume of options are set at 20. Both puts and calls. Volume on 1D chart indicate that we need more fuel. Hence, either volume would come nor price would drop to 12-13 range.
So first I suggest...
The first is triangles with breaking and closing above 16.25.
The second pattern is historical based on the horizontal line 16.25.
I'll summaries, staying above 16.25 is positive for the next target 21.59.
Not for a suggestion, just an Idea.
Good-luck to holders.
Bouncing off 50 day moving average
Geometric formation (pennant) off the 50 day MA
Beautiful rounding bottom formation with plenty of support connecting with the pennant
On April 6th I published my case for natural gas possibly bottoming out. You could find it in the chart below. I think EQT is a MUCH better way to play a rebound in nat gas based on the...
EQT is a major producer of natural gas. I think there is a good change natural gas has finally bottomed. This chart looks very promising to me. I have taken a small long position today. Will add if we get break up out of the bullish looking flag on the daily and more if it breaks up out of the long term down channel.
Have a good week. Process and trade your...
EQT Corp. engages in natural gas production, gathering and transmission in the Appalachian area. It has operations in Marcellus and Utica Shales of the Appalachian Basin. The company was founded in 1888 and is headquartered in Pittsburgh, PA.