Analysis: #NYSE: #PCG
Case 16 #PacificGas & Electric Co
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
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1/5
Case 16 #PacificGas & Electric Co
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
Thread 👇👇👇
1/5
A very bearish stock that is met with heavy selling when ever price attempts to form a base to build on. This company is heading for bankruptcy, unless something drastic happens.
2/5
2/5
Chart 1
Monthly Chart: The situation is very negative. #Resistances are everywhere. Price currently hovers $3 off the all time low @ $3.05
3/5
Monthly Chart: The situation is very negative. #Resistances are everywhere. Price currently hovers $3 off the all time low @ $3.05
3/5
Chart 2
Weekly Chart: #Trendline resistances (magenta), reclaimed TL Pivot resistance (green). Two gaps appear between 39.79 - 3515 and 14.00-12.85 they need to be filled. The red square is where traders will attempt some longs, below is zero.
4/5
Weekly Chart: #Trendline resistances (magenta), reclaimed TL Pivot resistance (green). Two gaps appear between 39.79 - 3515 and 14.00-12.85 they need to be filled. The red square is where traders will attempt some longs, below is zero.
4/5
Chart 3
Daily Chart: Another gap has appeared between 10.67 - 8.43 (in blue) not black. The best supports are $3.59/30 and $0.60. Wait for prices to react off the supports, a tiny base will help. Highly speculative.
5/5
Daily Chart: Another gap has appeared between 10.67 - 8.43 (in blue) not black. The best supports are $3.59/30 and $0.60. Wait for prices to react off the supports, a tiny base will help. Highly speculative.
5/5
