Hello! Friends, This would be a great short Opportunity, IF NYSE:PCG breaks down the Support line at $10.73 !!
Down from a $70 All-time high from a fire in 2017. Just exited bankruptcy.
Long @ Demand zone Entry: 9.45 SL: 8.5 TP1: 11.4 TP2: 13.25 ________________________________________________________________________________________ Note: Consistent success in financial markets requires a personalized trading strategy *A method that specifies the type and amount of patience *Entry and exit points *Your customized psychology plan *Risk...
This company went through hell with the wildfires and subsequent lawsuits over the last year or two, but now seems to be coming out of that. I like this price action and think this is a good value. Note: We MUST hold above $7, otherwise it'll most likely roll over. We are going into high fire season which is a risk, but I don't think this company is going...
This is not investment advice just the ramblings of an insane trader. I call this a thesis because its been 3 years in the making. Anyway, when it dipped below 4 the second time I became very interested because "utility monopoly", cant go tits up unless broken up by super gavin. So I bought in the red circle. Then sold in the green circle, the blue X is where...
The wisest option is to hold, but based on the below Fundamental analysis the idea is to go long. PG&E (PCG) – The utility plans to raise $5.75 billion through public offerings of stock and equity units to help fund its emergency from Chapter 11 bankruptcy protection . That’s in addition to about $3.25 billion in private stock sales. Utility giant PG&E Corp. is...
Got some thoughts disclosed on this chart. I myself am going to sell as soon as we are testing 2nd price level and would rather not come back to this company for now. Will keep my eyes on the Earnings tho
Ascending Triangle is a repeatable trading chart pattern. Ascending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in...
Resistance turned to as a support, Target $13-14
Resistance turned to support, Target $13-14
Right now, I own some PCG stock so I may be bias, and as always nothing I say should be taking at face value. That being said, the negative correlations have to do with the PCG bankruptcy reports, as well as the time period going on (we are in the coronavirus era as we are seeing negative correlations). If you look at it from a simple "supply and demand"...
PG&E IS AT ALL TIME LOWS. KEEP AN EYE ON IT
Dates in the future with the highest probability for price direction reversals
PCG is an overlooked stock which suffered serious reputational damage during the Northern California Fires, (for which they were blamed). However the stock seems to have recovered and has quietly filled the gaping wounds from 6.15 to about 17.35; which is where it is at now. (I have marked the two major gaps with Blue Arrows). It is also demonstrating a Classic...
Hi, today we are going to talk about Pacific Gas & Electric and its current landscape. PG&E is poised to receive increasing attention from the market as relevant events are taking place. Early this year the company has filed for bankruptcy after been buried in processes over claims that a series of deadly wildfires on California was started by its equipment in...