Dec. 17 at 2:28 AM
Actionable Trade Alert for
$EQT:
Market Context:
$EQT is currently trading at
$53.36, below its 30-day moving average (MA30) of
$58.23 and 50-day moving average (MA50) of
$56.64. The RSI at 38.85 indicates that the stock is in oversold territory, suggesting potential for a price rebound.
Directional Bias: Given the RSI and the current price being below both MAs, we have a bearish short-term outlook, but the oversold condition may lead to a corrective bounce.
Trade Plan:
- Suggested Entry:
$53.50 (slightly above the last close)
- Stop Loss:
$51.50 (below recent support)
- Take Profit Targets:
1.
$56.00 (1st target, approx. 5% ROI)
2.
$58.00 (2nd target, approx. 8.5% ROI)
3.
$62.00 (3rd target, approx. 16.3% ROI)
This plan allows for a potential 16.3% ROI at the 3rd target while maintaining a manageable risk-reward ratio.
For more insights, visit https://privateprofiteers.com.
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