PG&E near a bottom? Long

Pacific Gas & Electric Co.NYSE

Description

⋅ Oct 30, 2019 10:05 PM

It appears PG&E is close to a bottom and the triangle formation is bullish on this last leg of the correction. I would watch that triangle close to see if it breaks or not. If not then I would shoot for the $1 - $2 range.

Comments

paakamo

⋅ Nov 17, 2019 4:03 PM

Do you still think this formation is correct?

Cryptosominac

⋅ Nov 22, 2019 5:15 AM

@paakamo, It still appears valid. Its possible we're experiencing a breakout and retest which is typical of falling wedge patterns.
cdn.dailypriceaction.com/wp-content/uploads/2015/04/Falling-wedge-pattern-final.jpg

Cryptosominac

⋅ Nov 22, 2019 5:15 AM

@carywg, Retest example - cdn.dailypriceaction.com/wp-content/uploads/2015/04/Stop-loss-placement-for-falling-wedge.jpg

SteelyRivers

⋅ Nov 5, 2019 3:45 PM

Classic bungee bottom. Definitely a hold and ride skywards.