Resistance turned to as a support, Target $13-14
Resistance turned to support, Target $13-14
Could see breakout to 14. Watching.
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"...
Head and shoulders with long term bear flag. Loading puts. Also lots of Put volume coming in.
PG&E IS AT ALL TIME LOWS. KEEP AN EYE ON IT
Dates in the future with the highest probability for price direction reversals
PCG is an overlooked stock which suffered serious reputational damage during the Northern California Fires, (for which they were blamed). However the stock seems to have recovered and has quietly filled the gaping wounds from 6.15 to about 17.35; which is where it is at now. (I have marked the two major gaps with Blue Arrows). It is also demonstrating a Classic...
Hi PCG has formed a nice inverse head and shoulders and long term charts look good. I've entered long at 12.68 with a target of 13.95, which I don't think it will reach and I will end up closing manually. Earnings are right around the corner on Feb 6, so I would certainly not advise this if you are totally new to this. I don't hold through earnings anymore lol. A...
Support of the wedge or breakout ( and hold above 200 ma)
Hi, today we are going to talk about Pacific Gas & Electric and its current landscape. PG&E is poised to receive increasing attention from the market as relevant events are taking place. Early this year the company has filed for bankruptcy after been buried in processes over claims that a series of deadly wildfires on California was started by its equipment in...
For those interested, you have Alex's real-time calls on video available on the web, however, the link cannot be posted here due to tradingview TOS