E-cutie

업데이트됨
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. According to analysts, $25 is fair price for $2.50 NG price. Goldman Sachs has a 23ish target. Price action is showing signs of bottoming. It's lining up but this is much more profitable short term swings.

Currently, price is building a base at previous long term support around $18. More downside is certainly a possibility given that NG prices look overvalued. But, EQT is in a channel and fundamentally undervalued. Investors might front run this sector as demand picks up in later in the year, in which EQT will likely be closer to $25.
s3.tradingview.com/snapshots/f/fu2UOMWS.png

Long EQT
+200 @ 18.10
노트
스냅샷
노트
Selling 100 shares into this strength for a 7% gain
스냅샷
노트
Very bullish development with the MACD showing momentum is kicking up as price approaches a major resistance level. Looks ready to pop through and if not, I'll wait to add more. 스냅샷
노트
EQT corp bought some assets and price vomited -8% today.... It's a gift.... buying more before it starts setting new highs for the year. 스냅샷
노트
There you have it. Analysts announce price target of $24. Right where my grey box starts. HODL 스냅샷
노트
Trimming 50 @ 20.80 for a 14% gain.
노트
Because price tagged previous resistance and likely needs to consolidate or pullback before moving higher. 스냅샷
노트
Letting the last 50 shares ride as momentum can still carry price further. If price dips I'm looking to layer back into a full position. 스냅샷
노트
Just to put it into perspective here is a macro view. Fresh multi year breakout and $25 will be a major barrier which extends within the grey box. This is not the time to chase this trade. There will be a pullback and the depth will depend on the future outlook of the NG market. 스냅샷
노트
Buying. 스냅샷
노트
스냅샷
arnatgasnaturalNatural GasNatural GasRRCTrend Analysis

관련 발행물

면책사항