Dec. 6 at 1:46 AM
Actionable Trade Alert for
$EQT:
Market Context:
$EQT is currently trading at
$60.07, showing a neutral RSI of 49.44, indicating a lack of strong momentum. The price is above the 30-day moving average (MA30) of 57.27 and the 50-day moving average (MA50) of 56.34, suggesting a bullish bias in the short term. The 60-day high of 62.00 is within reach, providing potential upside.
Directional Bias: The proximity to the 60D high and the position above key moving averages supports a bullish outlook. However, the RSI indicates caution as it is not in overbought territory.
Trade Plan:
- Suggested Entry:
$60.50
- Stop Loss:
$58.00 (approx. 4.15% risk)
- Take Profit Targets:
1.
$62.00 (2.48% gain)
2.
$63.50 (5.98% gain)
3.
$70.00 (16.5% gain)
With these targets, the third take profit offers a potential ROI of over 17%. Monitor price action closely for adjustments.
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