GlennTrading

PCG is putting in a Base

Long
BATS:PCG   Pacific Gas & Electric Co.
PCG is oversold in RSI at 36 and the MCAD is beginning to show a slow down. A base seems to be building on the daily with volume. The news of the new leadership position has hit the market and the stock has broken below the 200 day MA.

The Time Frame Continuity is not showing the best promise; however, the Hourly is reversing.

The targets are the prices listed on the chart.

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