EQT Corporation
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This Natural Gas Stock has 60%+ Upside Potential

173
  • Bouncing off 50 day moving average
  • Geometric formation (pennant) off the 50 day MA
  • Beautiful rounding bottom formation with plenty of support connecting with the pennant


On April 6th I published my case for natural gas possibly bottoming out. You could find it in the chart below. I think EQT is a MUCH better way to play a rebound in nat gas based on the technical structure and the ease of executing.

Major lows hit in Natural Gas
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Hard retest of pennant and still valid. 5 cents from tagging the 50 DMA yesterday. That's a good sign. Stop is now under yesterday's low.

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