PinnyC
Short

PCG - an "Inside Range" trading opportunity

NYSE:PCG   PACIFIC GAS & ELECTRIC CO
17 0 0
PCG has been trading in the $48.6 to $39.4 range for the last 2-21/2 years (can be seen nicely on a monthly chart). It has just turned down from the R level and semi-confirmed the downward motion with a secondary, lower, peak.
A short, at the current level, will yield ~1:10 risk/reward ratio (if we have the stop-loss at the recent peak) or a conservative 1:6.5 (if we put the stop-loss at the R level.
Yesterday (July 15th) was OKR, so today may be a good entry point.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out