Hubert Senters here.
Let’s take a look at PCG on a daily chart. This is PGNE. Famous known from the movie with Julia Roberts where they had the hexavalent in their in their water. Great movie if you’ve never seen it. So they’re under fire now. Potentially, mainly they caused the wildfires in California and so they’re in hot water again.
It’s not going to be great for the stock regardless if they are not responsible. So as bad as this seems it looks like this thing is going to go substantially lower depending on what they are and are not responsible for. And when you’re a trader when you look at this stuff I know it sounds a little evil but this is a good looking short technically and not just because of this.
But you can see that it just continues to drop after it dropped below the cloud. It physically jumped the cloud and then gap down and then sideways and then gap down again and then sideways and now it’s gapping up. There’s a lot of gap downs regardless of what’s causing it.
If you want to pick this thing up at a discount it’s probably going to go substantially lower. It’s just always had some bad stuff associated with it if we look back here on the weekly charts. Nothing really happening good since you know mid or early 2000, mid 2017. And then ever since then it’s just in freefall.
So if you are long some PCG make sure you have a stop-loss. If you’re not long. I would wait for it to drop further. It’s probably going to drop below $10 and then you potentially think about picking it up as a buy. New yea, new time, time to make money if you didn’t make enough money in 2018, that happens. You’re probably just doing something wrong.
Heads up, not all of us make money, year over year or day over day. But you definitely have to have a plan so it is very important that you get a plan together so I recommend you come to the Wealth365 Summit and get your finances in order. That sounds boring. Learn how to trade. Learn how to double, triple, quadruple your account. Past performance is not indicative of future returns. You’re probably going to lose more money than you initially figure out how to make.
Anyway, I will be speaking there on January 24th on 12PM EST about some trading and investing stuff. It’s really exciting. Make sure that you put your first name, email and an optional telephone there and then if you scroll down right here claim your free spot right now. That’ll do. I will HYPERLINK you to this page and I will see you over there, January 24th at 12PM EST.
Good luck. Hope it helps. And I’ll see you on the next video.