motleifaul

Fibonacci Support

Long
motleifaul Updated   
NYSE:EQT   EQT Corporation
The rise since 4th May has been corrected now by 50%. I consider this as a good opportunity to by. Due to the rise above the Moving average on May 12th we are in an uptrend now which has not been violated. The test of the MA today confirms the trend. And the intermediary high on February 27th may be seen as a hidden support. The more that this level was a decisive support 1 year ago already.
Trade closed: target reached
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