As drawn in the chart - seems to be a nice long setup.
If you've got any questions feel free to use the comment section down here ... good trades, folks!
We have fallen below the rising banner. What has looked like a confirmation of the bullish sentiment has been cancelled now. I expect a moderate decline from here to find out whether we have stepped into a broader consolidation range or if this is the beginning of a new bears' market.
The PEAD projected a Bullish outlook for $PEG after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
$PEG is up on a very strong resistance and has just formed a doji candle. Today, March 7th, there are more people trying to sell this stock then buy it however this doji does not reflect that. I am talking a short position and closing at 50 EMA.
PUBLIC SERVICE ENTERPRISE GP is in a strong upwards channel close to long-term resistance. With a favorable economic environment, a breakout seems very possible.
Hey my friends, PUBLIC SERVICES ENTERPRISE GROUP INC is in a bullish configuration, low buying volume potential to go up to go above the previous first two above and start falling again. With the many volumes of purchases previously made, attempts by aborted sellers or else we can go down and then go up again.
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Market Cap 25.65 B
Div 3.71%
P/E is only 18.59
Defensive sector - Diversified Utilities - What Fun!
1.13% Short Float
ROI: 5.40%
ROE: 9.60%
Profit Margin 14.6%
Sales Q/Q: (7%)
EPS Q/Q: (36%)
Obviously a value pay here. The company is cheap relative to some peers, and is a nice wedge here, that may break out. Perhaps it will test that 20dma first, perhaps not -...
NYSE:PEG is trading at resistance. Looking for a breakthrough with new support at ~57 or bounce back to existing support. The energy sector hasn't recovered from covid March and was trending downwards last week.
