Feb. 14 at 1:02 AM
$EQNR pushing toward the 52-week high after a solid earnings beat and a massive
$1.5B share buyback announcement. The chart shows a classic "cup and handle" look, and reclaiming the
$28.30 level could trigger a significant breakout as it moves into "blue sky" territory. 📈
Bull Confirmation: A daily close above
$28.26 (52-week high) confirms the breakout, targeting the psychological
$30.00 level and Fibonacci resistance at
$31.91.
Bear Confirmation: A failure to hold
$27.16 (S2 Pivot) suggests a deeper retracement toward the 50-day moving average near
$24.39.
Key Levels to Watch:
🟢 Bulls:
$28.26 |
$28.94 |
$31.91
🔴 Bears:
$27.16 |
$26.75 |
$24.39
#hovdid #EQNR #Equinor #Energy #Stocks