$EQT has been in a “Go” trend since the fall of 2024.
During that time, we have seen a series of higher highs and higher lows as price has climbed close to $55. GoNoGo Oscillator has primarily been at or above zero during that time just a few dips into negative territory on corrections. Most recently, after the late January high, we saw a Go Countertrend Correction Icon (red arrow) indicating that price would struggle to go higher in the short term. Indeed, price fell sharply, and GoNoGo Oscillator fell to test the zero line from above. As price found support, the oscillator rode the zero line and we saw an extended Max GoNoGo Squeeze build as price stabilized. Now, with GoNoGo Trend painting strong blue bars as price tests the prior high, GoNoGo Oscillator has broken out of the Max GoNoGo Squeeze into positive territory. With momentum now resurgent in the direction of the “Go” trend, we will look to see if price can break higher and set a new high in the coming days and weeks.
