Get started
PG&E CORPORATIONPG&E CORPORATIONPG&E CORPORATION

PG&E CORPORATION

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Forecast Seasonals Bonds

PCG trade ideas

PCG log entry triangle revisitedGoing over the idea of the triangle. It doesn't have to be perfect all the time, and there may be some slight interruptions of the the trendlines. This may be a triangle breakout. THere is a nice diagonal forming, and it is risky to call this ending diagonal as it can also be a leading diagonal. It is very dangerous to short right now because of the possible triangle BO. I will wait for lower prices and see if my alternative count is correct, if not then so be it.
NYSE:PCG
by Sintar123
Double Three CorrectionFirstly, I want to apologize for having so many iterations of EW counts for this stock. There are alot of possibilities and a good Elliot wave practitioner always has to keep an open mind. Secondly, we know definitely that an impulse was created from the October lows that brought us to the 8 area, this was followed by 3 moves down to 6 area then another 3 moves back to the 8 area. If this was a simple correction we would have expected 5 moves down to 6 area to complete a flat. But after topping at around 8 on the 18th things got complicated and that's why I have so many counts. Lastly, one of those counts which is possible is a Double three correction or WXY. In this case basically we are forming a zigzag-zigzag-triangle. Here is a good website. ewminteractive.com Hopefully this count works out unless I think of something more probable.
NYSE:PCG
by Sintar123
Double Zigzag updateI've identified another way a double zigzag can form. This observation has us in the "a" leg of the second zigzag that has not yet complete. My other posts talk about how we are making a b wave of the X wave of the double zigzag. However, this is equally possible. We won't know for sure until we retrace from 8 area. If we retrace to .618 from last weeks low, this count is correct. If however we retrace all the way down to last week's low, this count is incorrect and the linked count is correct. One thing I've noticed from backtesting double zigzags is that the "a" leg of the second zigzag exceeds the first zigzag. If that is the case we shouldn't expect a double zigzag until this occurs. This may happen on the next wave up we are currently in.
NYSE:PCG
by Sintar123
PCG - Techincal analysisCrazy talks apart - weather, number of clients, too big to fail etc, On pure technical analysis, the stock is on a small uptrend with a bull flag formation. Volume on the sell and buy side is low and neutral, meaning there is not much volatility - which means it is on accumulation phase. A breakdown at these levels will bring the price to 6.40 and 5.90. Breakout at 7.75 with volume (ending the day above 7.75) will push the next target to 8.55ish and a previous gap fill of 8.95
NYSE:PCGLong
by ganmuru
1