PEG Hammering Support With Downward MomentumPEG is looking like a classical pattern that we see when price loses support. Lots of downward momentum. PEG lost the 200 SMA already and has rejected multiple times. It has a squeeze setting up on the daily and the sector itself, Utilities, is showing weakness as I discussed in yesterday's video.
0KS2 trade ideas
$PEG Short Position from strong resistance and doji candle$PEG is up on a very strong resistance and has just formed a doji candle. Today, March 7th, there are more people trying to sell this stock then buy it however this doji does not reflect that. I am talking a short position and closing at 50 EMA.
PUBLIC SERVICES ENTERPRISE GROUP INC IdeaHey my friends, PUBLIC SERVICES ENTERPRISE GROUP INC is in a bullish configuration, low buying volume potential to go up to go above the previous first two above and start falling again. With the many volumes of purchases previously made, attempts by aborted sellers or else we can go down and then go up again.
Please LIKE & FOLLOW, thank you!
$PEG #Trading #Watchlist #Value #Fundamental #Technical Market Cap 25.65 B
Div 3.71%
P/E is only 18.59
Defensive sector - Diversified Utilities - What Fun!
1.13% Short Float
ROI: 5.40%
ROE: 9.60%
Profit Margin 14.6%
Sales Q/Q: (7%)
EPS Q/Q: (36%)
Obviously a value pay here. The company is cheap relative to some peers, and is a nice wedge here, that may break out. Perhaps it will test that 20dma first, perhaps not - but if it breaks out, it would be a nice easy long.
PEG for longPEG – sector: utilities
The stock marked a significant increase toward 60 level,
resistance level:60
support level: 58.5
If the support level holds,I'll examine a long entry above the resistance level after an approval candle and and ofcourse a good volume.
If/when the stock crosses this level, its face may be heading toward all the time high.
This is not a recommendation.
as always, Feedback will be received with love