Hi, Long story short, technically the price of EQNR has started to approach an interesting price level. A lot of criteria are matching and from my point of view, those who have waiting for an opportunity to jump in then you can slowly start building your position. Obviously, after you have done your homework about fundamentals - this, what I share here, is...
Equinor is showing clear signs of Elliott Wave structure from it's ATH. Tracking this as wave 4 still in progress, and will be looking for a correction of this downtrend upon completion of the fifth wave. All in all, a simple roadmap on what to expect for the rest of the year.
I am long on EQNR. I think it is one of the underrated oil companies. I wait for some consolation then buy it.
INVESTMENT CONTEXT According to the minutes of the latest Federal Open Market Committee meeting held in early May, policymakers remarked the need to keep raising the Fed's interest rate, noting that "a restrictive stance of policy may well become appropriate depending on the evolving economic outlook and the risks to the outlook" Russia heavily cut...
Hi, Equinor ASA (Norway) , an energy company (lately renewable electricity also), explores for, produces, transports, refines and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. Break above the downwards trendline, break above the strong horizontal price zone. Break confirmed and we can enter around...
Hi, Strong support around 115 - 130. Technical criteria: 1) Historically the third strong rejection from the round number 100 2) Rejection from the Fibonacci retracement level 62% 3) Historically strong support area 4) 50% drop from the recent top acting as a support 5) The trendline Regards, Vaido
Hi, Equinor ASA , an energy company, explores for, produces, transports, refines and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. Fundamental pros: 1. Trading below its fair value. 2. Good PE and PEG ratio. 3. Earnings are forecasted to grow. 4. A lot of insider buying. Technical pros: The...
Based on the example explained in the Tradingview Wiki for Spread Charts (www.tradingview.com). Pairs trading involves trading two separate instruments simultaneously in order to execute a single trade. Pairs trading is a popular way to alleviate some of the risk of trading. The idea is that you find two highly correlated symbols (or two very lowly correlated...