Nov. 12 at 12:57 AM
$EQT is currently trading at
$60.72, showing a strong bullish momentum with an RSI of 82.42, indicating overbought conditions. The price is above both the 30-day MA (55.16) and the 50-day MA (53.66), reinforcing a bullish trend. The recent 60-day high of
$60.93 suggests potential resistance, while the 60-day low of
$48.47 indicates a significant upward move from that level.
Given the overbought RSI, a pullback may occur, but the strong trend suggests a bullish bias. Suggested entry could be around
$60.50 to capture a potential breakout above the 60D high. A stop loss can be set at
$58.77 (below the 30-day MA), allowing for a risk of approximately
$1.73. Target 1 can be set at
$62.50, and Target 2 at
$64.00, capitalizing on the bullish momentum.
Overall, the trade plan is to enter long on a slight pullback, with defined targets and risk management in place.
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