Apr 06, 2021 (Stock Traders Daily via COMTEX) -- Traditionally Wall Street has used fundamental analysis to make investment decisions in stocks like Pg&e /zigman2/quotes/202583141/composite PCG +1.05% but sometimes the most revealing aspect of the fundamental health of a company can be found through an observation of its price action. Price action was used to produce the raw data below for PCG and it can be used as an example of how to use price action to define fundamental opportunity. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
The Technical Summary and Trading Plans for PCG help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this PCG Report.
The technical summary data tells us to buy PCG near 10.41 with an upside target of 11.59. This data also tells us to set a stop loss @ 10.38 to protect against excessive loss in case the stock begins to move against the trade. 10.41 is the first level of support below 11.44 , and by rule, any test of support is a buy signal. In this case, support 10.41 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of PCG as it gets near 11.59 with a downside target of 10.41. We should have a stop loss in place at 11.62though. 11.59 is the first level of resistance above 11.44, and by rule, any test of resistance is a short signal. In this case, if resistance 11.59 is being tested, so a short signal would exist.
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