All year EQT, an unloved natural gas producer has been a swing trader's paradise. I've harvested so many gains from these E-cutie trees I thought I'd make a thread just for it and post trading updates. The macro technical picture is clear. Years of being battered by shorts ended with capitulation in 2020, followed by a swift rebound. Fundamentals are tightening....
I've been bullish and trading natural gas (BOIL EQT RRC) for a while now and recently sold on the last pump to 2.6 I'm reloading now, as I'm looking at a few things technically I like -Price appears to have found support on a flattening 20DMA , and will next watch to see if we start trending up - The low in May was higher than April , and almost forming a...
As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. Recommend tracking this sector very closely for amazing opportunities.
Natural Gas surges +12% - lifting producers' shares to YTD highs Range Resources $RRC & other natural gas producers ripped to 52-week highs today as U.S. front-month natural gas soared to its largest one-day gain since Sept a year ago - closing at +12% to $5.898/MMBtu Today's settlement is the 2nd highest this year after the front-month contract hit $6.312 on...
Traders... I’m not sure what’s going to happen with natural gas: additional supply-side constraints, increased demand for power generation and/or exports (looking at you Europe), storage depletion, a colder-than-average winter, continued decreased purchasing power of the dollar by increased QE, the realization by the masses that natural gas is the best “clean”...
NYSE:RRC Possible Scenario: SHORT Evidence: Gravestone DOGI bearish candlestick This is my idea and could be wrong 100%.
RRC is a name that came to my attention due to the massive rounds of insider buying that the stock has seen in March. Now in fact this stock has clearly broken out to the upside and would be a good buy on a retest of the broken trendline.
All description on the chart. Please, don't forget to like and follow. Thank you.
RANGE RESOURCES CORP HEADING FOR $7?
This analysis shows RRC in a bullish channel and following the Fibonacci replacement lines, right now it is slightly oversold and in my opinion worth the investment. I'm going in at $4.66 expecting it to go back up to at least $5. There is decent support at $4.31 and strong resistance at $5.75. Good luck investors and remember that this information is not a...
I've been watching this natural gas producer as it's one of the most productive gas producers with one of the best balance sheets out there in a highly beaten up industry. Their valuation is great despite some challenges in the natural gas industry, and they saw a huge selloff after worsened guidance recently. I'm now buying on this weakness. Here is why: ...
can rebound at any time
Any wedge break pattern will lead to 10 in no time.
Range Resources (RRC) showed a bullish TK cross this morning, with price entering the cloud. We are now setup for a potential edge-to-edge opportunity, with a very nice R:R setup. Let's see if this opportunity plays out!
Bullish shark; other items and target price noted in chart.
Highly undervalued energy stock. Go LONG next week
Slanted "W" bottom on the daily. Gives a short term target of 19. May encounter some resistance there. Have a great weekend.