📍 Ticker: 
PCG (Pacific Gas & Electric Co.)
📆 Timeframe: 1W (Weekly)
💡 Pattern: Head and Shoulders Breakdown → Testing Key Support
📉 Price: $14.79 (as of last candle close)
📊 Volume: 87M
📉 RSI: 32.92 (approaching oversold)
🔍 Technical Setup:
A Head and Shoulders top has completed, with price breaking down below the neckline. However, PCG is now approaching a major confluence zone:
✅ Multi-year ascending trendline support (dating back to 2020)
✅ Previous horizontal support from 2022–2023
✅ RSI nearing oversold (32.9) — potential for bullish divergence
✅ Volume spike on breakdown — possible capitulation
The blue zone marks a potential retest area. If price holds and forms a reversal candle here, a bounce toward $16–$17 is possible (prior support zone).
🧠 Trading Plan:
Bullish Bias: If price shows bullish price action at/above trendline (~$14.40–$14.70)
🟢 Entry Idea 1: $14.75–$14.90
🟢 Entry Idea 2:$13.60–$14.20
🎯 Target 1: $16.20
🎯 Target 2: $17.00
⛔️ Stop1: Close below $14.20 (trendline + neckline invalidation)
⛔️ Stop 2: Close below $12.50 (Bearish Continuation: Close below ascending trendline + neckline = further downside risk toward $12.50)
⚠️ Watchlist Notes:
PCG is defensive (utilities), but often reacts to regulatory/news-driven catalysts.
Recent weakness may offer a risk/reward setup near major support.
RSI bearish structure is weakening — watch for divergence or failed breakdown.
💬 What do you think? Bounce or breakdown from here?
📌 Like & Follow for more setups! #TargetTraders #PCG #HeadAndShoulders #RSI #Utilities #SwingTrade #TechnicalAnalysis
PCG (Pacific Gas & Electric Co.)📆 Timeframe: 1W (Weekly)
💡 Pattern: Head and Shoulders Breakdown → Testing Key Support
📉 Price: $14.79 (as of last candle close)
📊 Volume: 87M
📉 RSI: 32.92 (approaching oversold)
🔍 Technical Setup:
A Head and Shoulders top has completed, with price breaking down below the neckline. However, PCG is now approaching a major confluence zone:
✅ Multi-year ascending trendline support (dating back to 2020)
✅ Previous horizontal support from 2022–2023
✅ RSI nearing oversold (32.9) — potential for bullish divergence
✅ Volume spike on breakdown — possible capitulation
The blue zone marks a potential retest area. If price holds and forms a reversal candle here, a bounce toward $16–$17 is possible (prior support zone).
🧠 Trading Plan:
Bullish Bias: If price shows bullish price action at/above trendline (~$14.40–$14.70)
🟢 Entry Idea 1: $14.75–$14.90
🟢 Entry Idea 2:$13.60–$14.20
🎯 Target 1: $16.20
🎯 Target 2: $17.00
⛔️ Stop1: Close below $14.20 (trendline + neckline invalidation)
⛔️ Stop 2: Close below $12.50 (Bearish Continuation: Close below ascending trendline + neckline = further downside risk toward $12.50)
⚠️ Watchlist Notes:
PCG is defensive (utilities), but often reacts to regulatory/news-driven catalysts.
Recent weakness may offer a risk/reward setup near major support.
RSI bearish structure is weakening — watch for divergence or failed breakdown.
💬 What do you think? Bounce or breakdown from here?
📌 Like & Follow for more setups! #TargetTraders #PCG #HeadAndShoulders #RSI #Utilities #SwingTrade #TechnicalAnalysis
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.