PEG trade ideas
PEG getting ready to resume it's uptrendPrice level of PEG has corrected downwards from a upward trend. With Support at 42.47, Macd histogram already in negative territory, it looks like a higher low will be form soon. I am looking to go long at around 43.40, placing my stop at 42.46. I will be targeting that it will break the most recent high to reach 47.10, and depending how it goes after getting into this trade, a risk to reward ratio of anything above 2 may prompt me to lock in partial profits or even get out totally. Will update again.
Breaking strong resistance???This should break strong resistance on Monday 1/9/17. If it fails Monday go short. Nice swing trade setup
Great risk/rewardThis chart has great potential, but momentum seems to be slowing, so it will bounce at resistance - OR NOT!
