If we keep spreading Covid-19 at the rate it is currently at. By May 11th we should have almost a half a million confirmed cases and over 4000 deaths.
12:33 AM CT March 27th, 2020 - 104,256 confirmed case in the US.
Here are the resistance levels for PC&G. I can see going higher this week. This could be a good swing trade for this week, but not sure about the following. Saw huge call buying last week for $11.50 9/20 strikes and $13 9/27 strikes.
I see a retest of 19.18 on the fib chart. The bottom bollinger band is showing 19.59 on the one hour chart. Right now, the bollinger bands are separating giving us a sign that it could drop. With the markets with high volitily, and the FED speaking Wednesday I would be careful how you play this one.
1. Target 19.59