PG&E near a bottom?It appears PG&E is close to a bottom and the triangle formation is bullish on this last leg of the correction. I would watch that triangle close to see if it breaks or not. If not then I would shoot for the $1 - $2 range.
Pcg
Alex Vieira Offers $120 Million Profit to PCG InvestorsRefer to the previous chart and forecasts made available to everyone for free worldwide while Wall Street raised PCG Price target to $40
PCG PACIFIC GAS & ELECTRICITY CO.Bullish divergence on Weekly, use retracements to take entry in this trade.
Entry ±9-12$
TP1 13$
TP2 16$
TP3 19$
TP4 22$
PCG current situation Wait for it to re-test the new support level and look for 17's, if it goes by it and, again, re-tests it, we should be looking at 40's.
Good luck!
$PCG Could This Be A Possible Outcome?The only question would be how long could this stay up for before it tumbles on the criminal case.
Electric & Gas companies don't go out of business! Target $39.18Go big or go home. Ever heard of an electric company turning off everyone's power and going out of business? Yeah me either. High risk, high reward trade!
PCG: Wait 4 SIDEWAYS MOVEMENT b4 trying 2 Catch A Falling Knife!PCG: Wait 4 SIDEWAYS MOVEMENT b4 trying 2 Catch A Falling Knife!
PACIFIC GAS & ELECTRIC CO. (PCG): Buying After A Bloodbath?Find Winning Trades In Seconds >> efcindicator.com (Special Discount)
After a bloodbath, we are in the same levels of 2001-2003 (+15 years ago!!!). The major ABC correction it's likely reaching the end of wave C.
PCG Wow, PG&E rapidly going to one of my old targetsWhat can I say... I'm speechless. PG&E went heavily down, straight to my good turn, but even close to my old target.
My PV is around $43, so definitely I would consider to buyback at the level of $17 - $15. The potential profit is more than 100% .
Wish you the Best!
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Bullshit PCG longWell California approved a bill to raise utility bills for its citizens to protect PCG from bankruptcy due to all the lawsuits against them for being liable for 12 wildfires. Looks like it breaks this resistance look for it to fill more of that gap. But one thing with upcoming elections must be watch if any candidates gets in to try to change this legislation that was passed.
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PCG technical analysis1) PG&E back in trading range.
buy & sell on dotted line
2) Double bottom reversal
buy on bold red line
