BUY to EQT CORPORATION DailyHey 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 come back to test the different levels of the bollinger, then go to the VWAP and finish on the top of the stabilization zone to check it.
Strong propability to breakout the price with the momentum returning to both the area to arrive in one second and test the top of the bullish channel which is resistance in both views. Before correction for a new historical high after the retest of this info level thanks to the ELLIOTT wave.
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EQ6 trade ideas
EQT to the upside!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 or b) on the Daily, it retraced to a near term support around 17.50 area or c) on the Daily, price retraced to near the 20 moving average. The target profit for this move is the resistance at 25 level, based on the Weekly chart. If you want to trade options, you can look to buy the 20 Call Apr 16 expiration.
If you have any symbols from any market that you would like me to analyze, just let me know and I'll be happy to do it for you.
eqt ideait seems that eqt price head the power resistance line , there are 2 senarios
pass that line and go up
or
can not break that line and price go down
we'll see
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
EQT most wanted scenarioMy 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 you should take some profit from dump. Follow channels
This Natural Gas Stock has 60%+ Upside Potential
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 technical structure and the ease of executing.
EQT: potential longer term major gainer.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 way.
Other natural gas producers to consider are AR and RRC.
EQT - Gas is the best pick for crisis worldThe 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 the right strategy for crisis times. It means these companies have put massive cash into equipment recently. So they don't have much cash but plenty illiquid equipment.
2. From the start of great V-shape recovery oil enthusiasts have been making bet on global efforts to resolve current overwhelming oil supply. It was good till yesterday when Tramp created one more wave of US-China Trade War. I believe that OPEC+ news already priced in as many medium-cap oil companies jumped 200-300% from the middle of March.
So what about EQT? It is one of the biggest natural gas producers in US. It sees great opportunities for expansion and gas prices rise in few quarters.
Why? Because historical data shows that dump commodities always win in this hard period: Wheat, rice, gas, etc.
So if u believe in second grand wave of sales this is good opportunity to make some money with relatively low risk. But this upward trend is not gonna last long, so if you are long-term investor it is not your pick.
Please do not hesitate to share your opinion. I wanna hear as much comments as possible. As a beginner it is pleasure to hear fitbacks from local gurus.
Cheers!