EQT trade ideas
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 - Very interesting patternsThe 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.
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 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
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!
EQT Corp $EQTAfter rally from $5, it is consolidating now and loosing its power. $12.76 and $11.40 are the supports
If you believe my charts are helpful, please just "like"
EQT Corp. Breaking major resistance 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.
LONG EQTExpecting 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.
EQT win as planedBig 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 the trade. What you see? price is on a way down, on weekly basis we are at the support level, and that is channel from september with three waves up. at the moment price is at third wave and hamer candelstick was formed which suggest that price could go down.
Write why you want to enter the trade in this point? hammer candelstick, resistance level, rsi over 60
What have I done well for this trade? everything went fine. enter point was resonable, exit point too
What can I take away to help with later trades? that you cauld at target extend the target and shoren stop to the half of the last candel.
Comments during the trading? no
Was any error during trading? (yes/no) no
Coaching Talk? Verg good, you are seeking to became a consistently profitable trader
Long entry in EQTNYSE: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.
EQT BULLISH ON BULLISH W/ OUT BSCheck 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!
Buying $EQT at trendline support. Printing higher lows$EQT channeling higher giving opportunity to buy at support right here. Near Term target $26. Long
$EQT multiple large insider buys & pushing through resistance$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, 01/11/2019 - MT Newswires
12:39 PM EST, 01/11/2019 (MT Newswires) -- EQT (EQT) shares were slightly higher at mid-day Friday as hedge fund manager D.E. Shaw & Co. expressed support for the call by Rice Energy co-founders Toby Rice and Derek Rice for change at the natural gas company in a bid to reverse management's "poor execution."
Last month the Rice brothers called for a "course correction" at the company a year after their family sold Rice Energy Inc. to EQT in an $8 billion deal.
In a letter to the board Friday, D.E. Shaw, which advises funds that own 4.5% of the EQT stock, described the Rice team as "seasoned operators with a proven track record of delivering peer-leading results" on the exact assets the company currently owns.
"Like many shareholders, we have been disappointed in the current management's poor execution and are excited about the prospect of Toby Rice and the Rice Team returning to lead the company and deliver the performance improvements shareholders deserve," D.E. Shaw said.
EQT CORRECTION COMPLETED?EQT seems near to the completion of this potential WXYXZ correction. If it breaks this rising channel i'm expecting an impulsive wave down.
