EQT- Going LongAfter being shorted to the N'th degree, and finally breaking out of the downwards channel EQT has been holding, EQT is seemingly consolidating here within a symmetrical triangle, as buyers continue to step in.
After breaking out of the downtrend, EQT has formed an inverse head and shoulders on the daily timeframe, along with finding support right in the FIB golden pocket, accompanied by a SMA golden cross. (See Attached Chart Below)
Will be keeping a close eye on the daily timeframe to start building a position in some synthetic longs and/or leaps. Bullish and am looking for another push upwards from here.
