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EQT Corporation

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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.
NYSE:EQTLong
by leslieyimsm
1
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!
NYSE:EQTLong
by Krackenhead