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 trade ideas
$EQT multiple large insider buys & pushing through resistance$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 $8 billion deal.
In a letter to the board Friday, D.E. Shaw, which advises funds that own 4.5% of the EQT stock, described the Rice team as "seasoned operators with a proven track record of delivering peer-leading results" on the exact assets the company currently owns.
"Like many shareholders, we have been disappointed in the current management's poor execution and are excited about the prospect of Toby Rice and the Rice Team returning to lead the company and deliver the performance improvements shareholders deserve," D.E. Shaw said.
EQT CORRECTION COMPLETED?EQT seems near to the completion of this potential WXYXZ correction. If it breaks this rising channel i'm expecting an impulsive wave down.
EQT coiling........................ still love feb 60s. kmi reporting this week, big catalyst. call buyers there, maybe some love for EQT will come around..
Bearish Setup with multiple time frame resistance$EQT is in a bearish consolidation pattern. A bearish setup with a multiple time frame resistance has setup now.
EQT - Possible LongEQT is at a support level (lower channel), will be watching closely for a bounce to go long (shares or calls)
Classic Rounded Bottom (Sharp upside rally may soon happen)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 more decisively bullish. While rarer than other reversal patterns and often longer term, Rounded Bottoms usually mark a major turnaround. Just wait and see if price breakout from 98.98 area which buy point. You can also check out if you are interested in real-time alerts www.2waytrading.com
More all time highs coming ?Looks ready to pop, 4.2 million shares held by old Steve and was still buying as of 03/31.
