After some recent analyst upgrades, PG&E got a big breakout above its downward trend line this morning. It could move upward or it could move downward, but it should stay above that trend line. This is the first bullish sign that PG&E is looking to form a bottom. I've taken a small entry here. If it moves downward to form a U-shaped bottom, I will look to take a larger entry near the bottom.
Comment:
This play worked out beautifully and netted me a quick 5%.