Hi,
Long story short, technically the price of EQNR has started to approach an interesting price level. A lot of criteria are matching and from my point of view, those who have waiting for an opportunity to jump in then you can slowly start building your position. Obviously, after you have done your homework about fundamentals - this, what I share here, is basically pure technical. If you find something interesting from fundamentals as well then you have two green lights from both analyses and you are ready to go!
Criteria inside the marked box, starting from the highest
1. Equal waves from the top
2. Previous yearly highs starting to act as support levels (highs from 2006, 2008, 2014, 2019)
3. Fibo golden ratio 62%
4. 50% drop from the all-time high.
5. The round number 200 NOK
Hopefully, it will work as good as previous Equinor ideas:
1)
2)
Good luck,
Vaido
Long story short, technically the price of EQNR has started to approach an interesting price level. A lot of criteria are matching and from my point of view, those who have waiting for an opportunity to jump in then you can slowly start building your position. Obviously, after you have done your homework about fundamentals - this, what I share here, is basically pure technical. If you find something interesting from fundamentals as well then you have two green lights from both analyses and you are ready to go!
Criteria inside the marked box, starting from the highest
1. Equal waves from the top
2. Previous yearly highs starting to act as support levels (highs from 2006, 2008, 2014, 2019)
3. Fibo golden ratio 62%
4. 50% drop from the all-time high.
5. The round number 200 NOK
Hopefully, it will work as good as previous Equinor ideas:
1)
2)
Good luck,
Vaido