PCG Trade on Jan 28, 2020 09:55 from beno: Tradervue User Stock Trades.

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beno

Fundamentals

N/a

Catalysts / News / Painting the picture

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

Technical Analysis

-Strong OD with pennant/flag consolidation
-Ripped up another 50c after that
-Tanked all the way down to PM levels then had slow up trend all day
-Filled gap from August 2019 3 days ago, continuing to go up from there
-Levels: 14.30, 14.50, 14.90

Original Plan / Strategy

First Test long of 14.55 with confluence of 14.50 half dollar level

Review

3 lots got filled before bounce started, couldn't even bounce 3 cents, 45 seconds later still hovering at 14.50, tape looking weak, plan was to stop out when 14.50 broke, stopped out at 14.49:

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-01-28 09:55:39	PCG	buy	$14.540	long
2020-01-28 09:55:48	PCG	buy	$14.520	long
2020-01-28 09:55:48	PCG	buy	$14.500	long
2020-01-28 09:56:39	PCG	sell	$14.491	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PCG&trade=12701763&end=20200128102639&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PCG&trade=12701763&end=20200128112639&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=PCG&trade=12701763&end=20200128160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=PCG&trade=12701763&end=20200227&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}