Energy Name Forming Coiled Flag Inside Value Area
EQT (EQT) shares forming a tight coiled pattern inside of monthly value with potential trigger buy above 44.50 for break higher towards 50. The natural gas energy name has consolidated the past month near the 55 EMA after correcting back to the 200 EMA and YTD VWAP held as support in October. EQT also has short term monthly VPOC support at 41.80 just below.
