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...
Resistance turned to as a support, Target $13-14
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
Alex Vieira Destroys PG&E Calling Worst Market Crash Since 1987
Dates in the future with the highest probability for price direction reversals