top trendline rejected, bearish short termclear bounce off top trendline resistance, not a very fast mover in general so i wouldn't bank on it breaking anytime soon. look for a dip entry around 15 in the near future ! :)
EQT trade ideas
EQT to the upside!This is a weekly chart of Equitable Resources. 1st; It has broken a very long term down trendline. 2nd; there's a build up at the end of a 10 month range. 3rd; on the Daily chart, there's a "Eve & Adam" double bottom. Based on these chart pattern, I'm looking to go long when there's either a) a range on the Daily, which I'l look to enter at the low of the range or b) on the Daily, it retraced to a near term support around 17.50 area or c) on the Daily, price retraced to near the 20 moving average. The target profit for this move is the resistance at 25 level, based on the Weekly chart. If you want to trade options, you can look to buy the 20 Call Apr 16 expiration.
If you have any symbols from any market that you would like me to analyze, just let me know and I'll be happy to do it for you.
EQT to target 18 area into earnings next week?Turned up in a scan using Heiken Ashi candles. Looks good for a quick swing trade into the 18 area next few days?
eqt ideait seems that eqt price head the power resistance line , there are 2 senarios
pass that line and go up
or
can not break that line and price go down
we'll see
Note to everyone: this is not a signal to buy or sell
I just share my idea
So do your best by make best decision
I hope you have profit trade
EQT on the long long long downward trend breakout?I've been wrong before but this one looks juicy. I've had my eyes on it for 3 years. I'm not kidding. Take a look and let me know what you think. The idea is pretty basic but the gains look really attractive on her. Cheers
$EQT EQT Corporation. Testing long term downtrendEQT Corporation is the largest producer of natural gas in the United States. Watch for a 17.55 break. A break would open 23.70 and 28 targets.
EQT most wanted scenarioMy idea is based on option volume and pattern analysis. According to options data from investing I see that on Aug 23 there is great volume of puts at 13. On Sep 18 main volume of options are set at 20. Both puts and calls. Volume on 1D chart indicate that we need more fuel. Hence, either volume would come nor price would drop to 12-13 range.
So first I suggest you should take some profit from dump. Follow channels
This Natural Gas Stock has 60%+ Upside Potential
Bouncing off 50 day moving average
Geometric formation (pennant) off the 50 day MA
Beautiful rounding bottom formation with plenty of support connecting with the pennant
On April 6th I published my case for natural gas possibly bottoming out. You could find it in the chart below. I think EQT is a MUCH better way to play a rebound in nat gas based on the technical structure and the ease of executing.
$EQT - Very interesting patternsThe first is triangles with breaking and closing above 16.25.
The second pattern is historical based on the horizontal line 16.25.
I'll summaries, staying above 16.25 is positive for the next target 21.59.
Not for a suggestion, just an Idea.
Good-luck to holders.
EQT: potential longer term major gainer.EQT is a major producer of natural gas. I think there is a good change natural gas has finally bottomed. This chart looks very promising to me. I have taken a small long position today. Will add if we get break up out of the bullish looking flag on the daily and more if it breaks up out of the long term down channel.
Have a good week. Process and trade your way.
Other natural gas producers to consider are AR and RRC.
EQT Today is expiration of Jun futures contacts for WTI supply. Hence there is one more chance that gas giant EQT make some speculative move on US oil producers default risk. Pray the devil for oil collapse :3
EQT - Gas is the best pick for crisis worldThe idea is that EQT shares are going to retest recent highs as the oil crisis isn't over. I have some fundamental evidence for it to happen:
1. US oil companies under pressure as there is lack of demand. Recent decades where the booming time in oil production. So there are many medium oil companies. They were investing in expansion. However, the expansion is not the right strategy for crisis times. It means these companies have put massive cash into equipment recently. So they don't have much cash but plenty illiquid equipment.
2. From the start of great V-shape recovery oil enthusiasts have been making bet on global efforts to resolve current overwhelming oil supply. It was good till yesterday when Tramp created one more wave of US-China Trade War. I believe that OPEC+ news already priced in as many medium-cap oil companies jumped 200-300% from the middle of March.
So what about EQT? It is one of the biggest natural gas producers in US. It sees great opportunities for expansion and gas prices rise in few quarters.
Why? Because historical data shows that dump commodities always win in this hard period: Wheat, rice, gas, etc.
So if u believe in second grand wave of sales this is good opportunity to make some money with relatively low risk. But this upward trend is not gonna last long, so if you are long-term investor it is not your pick.
Please do not hesitate to share your opinion. I wanna hear as much comments as possible. As a beginner it is pleasure to hear fitbacks from local gurus.
Cheers!
EQT Corp $EQTAfter rally from $5, it is consolidating now and loosing its power. $12.76 and $11.40 are the supports
If you believe my charts are helpful, please just "like"
EQT Corp. Breaking major resistance EQT Corp. engages in natural gas production, gathering, and transmission in the Appalachian area. The EQT Production segment focuses on the exploration, development and production of natural gas, natural gas liquids and crude oil. The company was founded in 1888 and is headquartered in Pittsburgh, PA.
