The California energy company has been the center of attention for all the wrong reasons for months and the price drop reflects that.On the 03/04/19 named a new CEo and 10 new board members, these sweeping changes found the support of investors as the price gained 5% on the news, expect future gains.
Markets are on general path down. PCG is setting up nicely to continue its run up in the short term with minor resistance at $20 and strongly at $24.00.
Things are not totally in the clear for PCG as there is lots of headwinds fundamentally (bankruptcy, liable, costs to prevent infrastructure mishaps expected to increase...etc..). This is not the first time PCG...
This is hard to say if this is the case or not but PCG is looking mighty tasty for another price implosion.
They have pushed their earnings not once, not twice, not three times but five times. They were supposed to happen on the 8th, it was rumored that they were going to happen on the 12th 15th 22nd and now the 28th. The longer they push them out the less likely...
-Hit long term resistance at 14.51 today and was rejected
-Hit long term resistance at 14.11 and was rejected
-Hit long term resistance at 14.03 around market close and seems to have been rejected again
-After hours saw higher lows but kept hitting resistance at 14.00.
Currently Price sits at 14.07
Due to current bankruptcy filing pending approval it would...
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?
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After a bloodbath, we are in the same levels of 2001-2003 (+15 years ago!!!). The major ABC correction it's likely reaching the end of wave C.