Thoughts on PG&E
Some thoughts on PG&E:
Running along a short-term support line [purple] and about to run into a longer-term (once support, now resistance) line [teal].
EMAs still have a little steam to push UP and MACD is showing signs of picking up momentum.
With the drops these last few days, the long-term RSI looks ready to jump, as well!
My vote says LONG.
However, fundamentals do weigh heavily at the moment and California keeps burning.
Running along a short-term support line [purple] and about to run into a longer-term (once support, now resistance) line [teal].
EMAs still have a little steam to push UP and MACD is showing signs of picking up momentum.
With the drops these last few days, the long-term RSI looks ready to jump, as well!
My vote says LONG.
However, fundamentals do weigh heavily at the moment and California keeps burning.
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