The EQT Corporation (NYSE: EQT) is a leading natural gas production company with operations across the United States. The company has a strong track record of generating significant returns for its shareholders through its efficient operations and commitment to responsible resource development. EQT faced its longest bear market, lasting almost six years (69 months), following its peak in 2014. We observed that this bearish trend unfolded in an Elliott wave corrective structure, which we identified in our article back in 2019. Based on our analysis , we anticipated that the stock would reach a major bottom below $8 and subsequently experience a larger three-wave bounce in the future. EQT 2019 weekly chart Moving forward to the present time, EQT has experienced a massive rally, increasing more than 1000% in just two years. The rally unfolded in an impulsive five-wave structure, reaching its peak wave (I) at 51.97. Currently, a wave (II) is in progress as a three-wave zigzag structure, with the stock reaching the equal legs area of 29.85 – 20.49 as presented on the next chart . The blue boxes in our charts are the High-frequency areas where the Markets are likely to end cycles and make a […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
