Use advanced tools to confirm the Bullish Flag on PCG before you trade.
Bullish continuation if preceding move was up.
Gradual reversal from bearish to bullish.
Consolidation. Can break either way.
Bullish continuation pattern.
Reversal pattern. Price likely to break downwards.
Sideways movement between parallel supports.
Market participants tracking PG&E Corporation should note the latest formation. Price has moved to $17.77 (0.11%) amidst recent volatility. Price action has carved out a classic Bullish Flag. Volume is average (0.61x avg) with moderate trend strength (12.2). A potential breakout level is identified at $18.7, targeting $23.07 with support near $17.05 (R:R 2.66).
What is your outlook on PCG?