PCG Trade on Dec 16, 2019 13:15 from beno: Tradervue User Stock Trades.

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beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-Powerlines may have started 3 california fires
-Power shut off due to safety concerns
-Company restructuring, possible bankruptcy

Technical Analysis

-Found a low of $3.30
-Resistance from 12.50 to 13
-Levels: 6, 8, 9.5, 11, 13
-Today: Ran up to first HVN (10.80) of Friday then had huge failure

Original Plan / Strategy

First Test long of 10.30 level

Review

Only first lot at beginning of level got filled, bounce wasn't strong right away, some weakness showing on the tape, took profits and cut early as I didn't want it to reverse on me.

Execution detail:

Date/time	Symbol	Side	Price	Position
2019-12-16 13:15:37	PCG	buy	$10.320	long
2019-12-16 13:16:39	PCG	sell	$10.360	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PCG&trade=12314741&end=20191216134639&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PCG&trade=12314741&end=20191216144639&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=PCG&trade=12314741&end=20191216160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=PCG&trade=12314741&end=20200115&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}