Nov. 21 at 2:33 AM
$EQT is currently trading at
$56.35, showing a bullish sentiment as the RSI is at 61.49, indicating momentum but approaching overbought territory. The price is above the 30-day moving average (MA30) of
$55.84 and the 50-day moving average (MA50) of
$54.78, suggesting a strong upward trend. The recent high of
$61.26 indicates resistance, while the low of
$48.47 provides a solid support level.
For a trade plan, consider entering at
$56.50 to capitalize on the upward momentum. Set a stop loss at
$54.50 to manage risk. Target 1 can be set at
$60.00, just below the 60D high, and Target 2 at
$61.00, aiming for a breakout above resistance. This plan aligns with the current market context and technical indicators.
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