Mar. 11 at 6:38 PM
$EQNR is attempting an all-time high breakout on the weekly chart.
Multi-year ascending channel from the 2020 lows. Price just bounced off the lower channel, reclaimed ALL moving averages in a single week, and is pressing directly into the
$321.8–325.2 ATH resistance zone.
RSI at its lowest reading since the 2020 base — now curling sharply upward. Volume this week is the largest green weekly candle in years.
Flow confirms:
$35 call sweep targeting continuation above current price by March 2026.
Bull case: weekly close above
$325.2 → ATH breakout →
$340+ open air. Channel structure supports continuation.
Bear case: ATH resistance holds →
$290 →
$270 → lower channel ~
$230.
Norwegian energy giant at a multi-year technical inflection. Tariff-immune. Energy independence narrative.
Weekly close above
$325.2 is the breakout confirmation.
#EQNR #Equinor #energy #hovdid
