Natural Gas Leader Setting up Bullish Wedge from Pullback
EQT (EQT) shares of the natural gas name are curling higher off the recent test of its one year value area support near 45 and closed Friday back inside monthly value as it also cleared its 21 EMA. EQT has a nice setup now to rotate back up to value high near 54.50 as MACD crossed bullish as well. The 12K March $48 short puts held during the dip and still has massive June $50 and $60 calls in open interest with also 3500 September $50 calls holding in OI from buyers on 1/6.