Hello traders,
As you can see in the chart PCG in a very nice zone, I expect it to reach our goal soon.
I will update every time it hit a green line.
*** This is not a financial advice, I'm still a beginner trying to share my Road here.
Thank you.
Bull Flags are a Range patter & they are repeatable trading chart patterns.
Bull Flags are a descending chart pattern that will have a directional bias (Long) depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern,...
Set up: Wave 1 near completion
Target 1: 15
Target 2: 20
All my ideas are for education purposes. There is a high-degree of risks involving leverage trading. Trade at your own risk. This is not financial advice.
This company went through hell with the wildfires and subsequent lawsuits over the last year or two, but now seems to be coming out of that.
I like this price action and think this is a good value.
Note: We MUST hold above $7, otherwise it'll most likely roll over. We are going into high fire season which is a risk, but I don't think this company is going...
This is not investment advice just the ramblings of an insane trader.
I call this a thesis because its been 3 years in the making.
Anyway, when it dipped below 4 the second time I became very interested because "utility monopoly", cant go tits up unless broken up by super gavin. So I bought in the red circle. Then sold in the green circle, the blue X is where...
Right now, I own some PCG stock so I may be bias, and as always nothing I say should be taking at face value. That being said, the negative correlations have to do with the PCG bankruptcy reports, as well as the time period going on (we are in the coronavirus era as we are seeing negative correlations). If you look at it from a simple "supply and demand"...
A perfect "Buy When There's Blood In The Streets" opportunity? I mean what's going to happen. Residential, commercial, industrial, and agricultural customers in Northern and Central California will no longer be using electricity and natural gas?
What can I say... I'm speechless. PG&E went heavily down, straight to my good turn, but even close to my old target.
My PV is around $43, so definitely I would consider to buyback at the level of $17 - $15. The potential profit is more than 100% .
Wish you the Best!
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Have a Nice Trading...
![PCG: BUY PACIFIC GAS & ELECTRIC| [$5PCG] | 12.19.2020](https://s3.tradingview.com/s/sEQejGcn_mid.png "BUY PACIFIC GAS & ELECTRIC| [$5PCG] | 12.19.2020")
