hopefully they get approved with their chapter 11 if not ca gets to write a check for 50 million+ or so and control its assets according to gavin newsoms legislation last week that just passed. In any case over sold way over sold!!
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...
6.26.20 oil There are challenges with transitions....but if you are aware that transitioning markets can have abrupt breakouts and retests...you know what to expect and/or you can use this information.
Seems like a good opportunity to add some PCG for the long haul here. These prices only come around every 20 years it seems. Not investment advice, just a perspective I wanted to share.
6.24.20 I think there may be reversals in bitcoin and oil. Gold broke higher to a resistance level, and so far so over is not breaking higher, and for some traders the silver may be a 135 reversal pattern. Some of the brokerage firms/ clearing firms are making it difficult to trade oil. If there's an interest in trading future contracts, I think the currencies...
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...
6.18.20 I think this is a more clear description of the the market dynamics of PCG than the previous video that had value, but focused on different points. I had to give it some thought for why I was uncomfortable with my student's long trade even though it was a perfect chart and welll thought out....through the lines on the chart. This was an important video...
The wisest option is to hold, but based on the below Fundamental analysis the idea is to go long.
PG&E (PCG) – The utility plans to raise $5.75 billion through public offerings of stock and equity units to help fund its emergency from Chapter 11 bankruptcy protection . That’s in addition to about $3.25 billion in private stock sales.
Utility giant PG&E Corp. is...
Got some thoughts disclosed on this chart.
I myself am going to sell as soon as we are testing 2nd price level and would rather not come back to this company for now.
Will keep my eyes on the Earnings tho
Ascending Triangle is a repeatable trading chart pattern.
Ascending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in...
