noam_chom

EQT Natural Gas Domestic Player will Top Soon

Kort
noam_chom Uppdaterad   
NYSE:EQT   EQT Corporation
$50-52 in a week or two would be ideal

this is over-cooked and the macro-tailwinds can rapidly become headwind

anti-ESG sentiment is at all time highs

People are now conditioned to believe in a Fossil-Fuel Super Cycle, to protect them against failing Tech investments from 2021
Kommentera:
Top printed in the 50-52 range as targeted
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relief rally in play up to 40-42
Kommentera:
relief rally topped around $39
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WOW a second drive down to $31 followed by a rally to $43

it is possible that a new high is printed soon
Kommentera:
looks like a distribution top structure. La Nina winter ahead for North America may spell less demand than anticipated
Kommentera:
distribution continues, this now looks like a broadened double top - similar to bitcoin 2021 and gold 2000 - 2022
Kommentera:
any rally back to $50 should trigger a massive amount of selling
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