PG&E Stock - $PCG - Trade Your Challenges Ep.1 - Should I Buy PCG Stock?

PG&E Stock - $PCG - Trade Your Challenges Ep.1 - Should I Buy PCG Stock?
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PG&E has been on one heck of a roller coaster over the last 18 months or so after devastating CampFire wildfires hit home with them, being forced to file bankrupty, fighting off state takeover, the whole shabang. So the question is...Should I buy or sell PG&E stock right now? Well welcome to the Trade Your Challenges Series where I dive into the news behind PCG, PCG's Fundamental Analysis or where the comapny stands and finally the technical chart behind it all...and the best part is this came from a fan submission so if I make money on the trade this week he/she gets half of the profits!! Pretty sweet =P
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Here is the analysis I did on the stock this week along with what my trading plan is on it for next week:
Initial Knowledge:
$PCG was drastically impacted by the Northern California wildfires in late 2018 dropping their stock price from $55 to a low of $3.55...OUCH
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Big Recent News:
Reached a settlement last week with noteholders to inch closer to getting their restructuring approved
The state takeover is not off the table
Gavin Newsom - California governor is still threatening a state takeover...which would be BAD news for the stock...big push to turn PCG into a Public Utility company which is bad news if that passes
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Upcoming News:
Nothing other than June 30th that is clear and obvious
Deadlines:
June 30th, 2020 - State approval of restructuring
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Analysts:
11 analysts have issued ratings in the last 12 months
Average price target of $15.08
10 hold ratings and 1 buy rating
Fundamentals:
Debt-to-Equity Ratio: 0.21
Forward P/E Ratio: 3.56
Net Income: -$6,837,0000,000
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Technicals:
Bottom 25% of the range over the past 3 years
Top 25% of the range over the last 30 days
Above Point of Control over last 3 years
Above Point of Control over last 30 days
Holding 20-SMA to the upside on the daily
Holding 20-SMA to the upside on the 30 day
Nearest key daily levels - $13.66 and $16.75
Looks like an inverted Head and Shoulders break to the upside so decent chance we see $16.75 by end of the week
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Trading Plan:
Based on everything I am pretty bullish on the short-term on PCG and thinking we should see it over $16 this week
Looking to buy 50 shares of common stock with a risk level of $13.38 and entry around $14.31 ($46.50 risk)...and looking to take profits around $16.50
Notes:
Been over a year since Chapter 11
Lot of news risk and gap risk on this stock
All in all seems at least short-term bullish

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Welcome to the 'Trading Your Challenges" Series...where you pick the stock...I pick the trade...we split the profits!
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Introduction To Series -

Here's how it works:
Every week I chose a comment winner and stock to trade, I have one week to to trade on that stock, I explain why I decided to buy an option, short the stock, use an advanced option strategy like an iron condor, etc. After the trade is closed out assuming we made money that money is split with the comment winner!!
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How to Enter:
1. Comment on any of my videos a stock you want me to trade + your Instagram username so I have somewhere to message you (example - $NIO, IG: @Gannondaynes)..if you don't have Instagram let me know another way to get ahold of you with publicly disclosing your email or phone number
2. Like that video
3. Subscribe to the channel (can be done here - http://www.youtube.com/channel/UCTK0By8yITUNL3btBGMT2kg?sub_confirmation=1)
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Current risk per trade is $50 and profits are split with the winner only if a profit is made...and 50% of profits are paid to winner via Venmo or Paypal
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Hope you the enjoy the series and smash that like button for your man Gannon!
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If you love the stock market, love to trade stocks, and love overall investing and personal finance then you must love me...GMoney (Gannon). I have been an active day trader, swing trader, investor, options trader, money loser, you name it I've done it, for over 3 years now and have a true passion for the stock market. As we know investing can be both a very lucrative business and a very risky business all within seconds of each other. I hope that you learn a thing or two about a thing or two in this video and through my channel but please please please do not risk more money than you are willing/can lose in the stock market...trust me I've done it...and it hurts when it's lost.
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#PCG #PG&E #TradeYourChallenges