EQT trade ideas
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.
