I want to Buy this Stock base on 2 main approach.
1.Technical Analysis: base on technical, using the ICT I trade with, The market sweeps liquidity and create a valid order blocks and expanded with Fair value gaps, target equal highs, this is good sing of strength to go bullish.
2. FOUNDAMENTAL REPORT: in this case, PCG stocks is own by 93% institutions , and the...
PCG is oversold in RSI at 36 and the MCAD is beginning to show a slow down. A base seems to be building on the daily with volume. The news of the new leadership position has hit the market and the stock has broken below the 200 day MA.
The Time Frame Continuity is not showing the best promise; however, the Hourly is reversing.
The targets are the prices listed...
PG&E isn't going anywhere, California is helplessly dependent on it. they are investing in their infrastructure (after its horrendous wildfire fiasco due to infrastructure negligence). This situation lead to a tremendous sell-off because it seemed like a risky company to hold stocks for and overall the company was just hated throughout California after the fires....
The PEAD projected a Bearish outlook for $PCG after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 33.33%.
PG&E Corporatio n
Short Term - We look to Buy at 12.25 (stop at 11.57)
Price action has formed an expanding wedge formation. This is positive for sentiment and the uptrend has potential to return. Support is located at 12.00 and should stem dips to this area. Preferred trade is to buy on dips.
Our profit targets will be 13.79 and 14.50
Resistance: 14.00...
The PEAD projected a Neutral outlook for $PCG after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 80%.
The PEAD projected a Neutral outlook for $PCG after a Positive Under over reaction following its earnings release placing the stock in drift A with an expected accuracy of 75%.
Rates going up and expecting price action too as well.
The DAILY EMA's are fully supporting the price; targeting the 200 Wkly EMA next.
Appears to be a Cypher (Gartley) pattern in play; where we start we finish.
Do your own research; and enjoy every sandwich EES.
Comments welcome.
A respite of some sort that is looking to be very temporary. A very tenuous picture and very dependent on how exactly the markets will open on Monday. Be careful and remember: Markets can never truly be timed. Fibtime is at best a very flimsy tool.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game....
***None of the idea I share, including this one, should be taken as financial advise. Tread lightly and if ever you find yourself certain of something, think again.***
Previous Idea and Trend
In my previous idea (linked) on PCG I said I'd expect this stock to struggle downward most of the summer and reach a strong support level in the low $9.00 range. This has...
***THIS IS NOT FINANCIAL ADVISE. DO YOU OWN RESEARCH AND FORM YOUR OWN CONCLUSIONS.***
Historical Preface:
Having just come off an update on policy from a (un-surprisingly) hawkish federal reserve, it's been said that rates are unlikely to rise precipitously until 2023. The news of unlikely tapering sent many of the utilities stocks into a sharp short-term...
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.
The revenue for the first three months of 2021 was over $4.7 billion, up 9% year-on-year.
PCG has been around since 1905.
One of those to buy and hold long term imo
$23 would be nice
RSI is looking nice.
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,...
