Equitrans Midstream Corp Dropping. ETRNWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
ETRN
ETRN: Diamond in a dirt market?Equitrans Midstream Corp
Short Term - We look to Buy at 9.43 (stop at 8.63)
The medium term bias remains bullish. We look for a temporary move lower. Support is located at 9.40 and should stem dips to this area. Support could prove difficult to breakdown. Dip buying offers good risk/reward.
Our profit targets will be 11.13 and 12.00
Resistance: 11.14 / 13.40 / 22.00
Support: 9.40 / 8.50 / 6.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Reverse Head & ShouldersReverse Head & Shoulders identified at a possible low of $ETRN This is a bullish reversal pattern.
ETRN Technical Analysis 🧙Business Description
Equitrans acquired EQM Midstream in mid-2020, consolidating the midstream family. Equitrans now own EQM assets directly versus just unit ownership. EQM Midstream provides gathering, transmission, and water services to primarily Appalachian producers in Pennsylvania, West Virginia, and Ohio. After the transaction, EQT will own about 6% of the combined firm.
If you understand the idea,🎯 press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
Equitrans Midstream Corporation owns #ETRN loneg target 9.20$
ETRN Equitrans Midstream Corporation, USA, Industry Oil & Gas Midstream
Market Cap 1.85B EPS (ttm) -0.74
EPS this Y -172.00 % Forward P/E 5.29 EPS next Y -7.89
P/S 1.09 EPS next 5Y -P/B 4.60 EPS Q/Q 1.40%
Dividend 7.42 % Sales Q/Q 16.20%
Insider Own 0.20%
Insider Trans 61.84 % Inst Trans 5.14%
Short Float 24.49% Earnings May 14/b
Avg Volume 6.78M 52W Range 3.75 - 21.17
Potential Short 5th Wave Swing Trading opportunity on ETRN Using our Elliott Wave Indicator suite for TradingView, we have setup a potential Short 5th Wave Swing Trade on ETRN (Daily Time Frame). Short Entry $13.61, below yesterdays low. Stop Loss at 14.79 above the 4th wave and our automated target zone is showing a target price around $11.50.
Our ElliottWave Indicator suite really looks into the performance and behaviour of the 4th wave to predict a high probability 5th wave move. In this potential short swing trading opportunity the wave 4 has pulled back against the main bearish trend and found resistance in our GreenPull Back Zone. this gives an 85% probability the price will go down and reach our automated target zone. Next we have the ElliottWave Oscillator pulling back and crowing within our set parameters for a wave 4 pull back. Also we have our False Breakout Stochastic that has the false breakout yellow dot on the over sold zone, which denote a strong bearish bias. When the stochastic pulls back against this strong bearish bias and crosses in the overbought zone, the there is a high probability of the stochastic returning to the oversold zone.
As you can see we have a rules based approach to trading those high probability 5th wave moves, both long and short on Stocks, forex, futures, cryptocurrency and more. Please watch the Video tour of our Elliott Wave Indicator Suite for TradingView >>HERE<<
