ITM.Trading

Bullish technicals with support at $34.53

Long
NYSE:POR   Portland General Electric Co
0
$POR is holding structure support @ $34.53 after an earnings miss. The RSI is encroaching on oversold territory and the MACD is tightening in on the signal line suggesting a potential rebound is on the cards. Furthermore the candlesticks show several days of elongated wicks to the upside suggesting that bears are beginning to lose control of the sell down.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.