We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore...
Equitrans Midstream Corp Short Term - We look to Buy at 9.43 (stop at 8.63) The medium term bias remains bullish. We look for a temporary move lower. Support is located at 9.40 and should stem dips to this area. Support could prove difficult to breakdown. Dip buying offers good risk/reward. Our profit targets will be 11.13 and 12.00 Resistance: 11.14 /...
Reverse Head & Shoulders identified at a possible low of $ETRN This is a bullish reversal pattern.
Business Description Equitrans acquired EQM Midstream in mid-2020, consolidating the midstream family. Equitrans now own EQM assets directly versus just unit ownership. EQM Midstream provides gathering, transmission, and water services to primarily Appalachian producers in Pennsylvania, West Virginia, and Ohio. After the transaction, EQT will own about 6% of the...
Squeezed between averages... Ready to pop
ETRN Equitrans Midstream Corporation, USA, Industry Oil & Gas Midstream Market Cap 1.85B EPS (ttm) -0.74 EPS this Y -172.00 % Forward P/E 5.29 EPS next Y -7.89 P/S 1.09 EPS next 5Y -P/B 4.60 EPS Q/Q 1.40% Dividend 7.42 % Sales Q/Q 16.20% Insider Own 0.20% Insider Trans 61.84 % Inst Trans 5.14% Short Float 24.49% Earnings May 14/b Avg...
Using our Elliott Wave Indicator suite for TradingView, we have setup a potential Short 5th Wave Swing Trade on ETRN (Daily Time Frame). Short Entry $13.61, below yesterdays low. Stop Loss at 14.79 above the 4th wave and our automated target zone is showing a target price around $11.50. Our ElliottWave Indicator suite really looks into the performance and...