Portland General Electric (POR) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its...
Financials not bad but need more volume to go up..
I wish you good profit!
Thanks
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Reasons to enter:
Weekly analysis:
- Overextended buying, 4 relatively large candles in a row
- Volume spike one the last green weekly candle (ending volume)
Daily analysis:
- Bearish spinning top followed by big bearish candle move down
- Big nice void for the price moving down. No resistance at all
- 2R target around the 50% retracement sweet...
POR has been trending in the upwards direction for quite a while now. It appears to have some excellent volume support on the way up. Where as downward moves result in a reduction in volume. POR has been respecting the 20 EMA for quite sometime and formed a bullish candle today a with the lows at the 20 EMA. POR also has a zacks rank of 2 (buy) which is a good...
$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.
